Westwood Holdings Group Inc. Cuts Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Westwood Holdings Group Inc. trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,459,641 shares of the aerospace company's stock after selling 287,389 shares during the quarter. Westwood Holdings Group Inc. owned about 1.63% of Kratos Defense & Security Solutions worth $64,885,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management grew its holdings in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after buying an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $53,000. SBI Securities Co. Ltd. purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $55,000. Finally, MRP Capital Investments LLC grew its holdings in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after buying an additional 500 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total value of $175,680.00. Following the sale, the chief financial officer now owns 331,271 shares in the company, valued at $9,699,614.88. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the sale, the insider now owns 39,348 shares in the company, valued at approximately $1,328,388.48. This represents a 50.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,817 shares of company stock worth $4,007,207. Insiders own 2.37% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research reports. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday. Benchmark increased their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Kratos Defense & Security Solutions Trading Up 2.5%

Shares of NASDAQ:KTOS traded up $0.87 on Thursday, hitting $35.20. 1,421,076 shares of the company's stock were exchanged, compared to its average volume of 1,663,359. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $36.85. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 352.04 and a beta of 1.03. The business's 50 day simple moving average is $32.76 and its two-hundred day simple moving average is $29.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm's revenue was up 9.2% on a year-over-year basis. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.