Hsbc Holdings PLC Reduces Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hsbc Holdings PLC cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 45.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,665 shares of the aerospace company's stock after selling 16,501 shares during the quarter. Hsbc Holdings PLC's holdings in Kratos Defense & Security Solutions were worth $522,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Summit Investment Advisors Inc. raised its holdings in Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after buying an additional 490 shares during the last quarter. MRP Capital Investments LLC raised its stake in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after buying an additional 586 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after buying an additional 610 shares in the last quarter. Finally, ORG Partners LLC raised its position in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock worth $870,000 after buying an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the sale, the insider now owns 12,215 shares of the company's stock, valued at approximately $331,515.10. This trade represents a 41.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total value of $40,680.00. Following the completion of the transaction, the senior vice president now directly owns 60,443 shares of the company's stock, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,168 shares of company stock valued at $2,537,940. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Down 1.8 %

Shares of KTOS traded down $0.61 during mid-day trading on Friday, reaching $33.61. 2,091,585 shares of the company's stock traded hands, compared to its average volume of 1,648,155. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $36.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market cap of $5.15 billion, a P/E ratio of 336.13 and a beta of 1.03. The stock's 50-day moving average is $31.62 and its two-hundred day moving average is $29.19.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly 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 firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. During the same period in the prior year, the business posted $0.11 earnings per share. The business's revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KTOS. Royal Bank of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Kratos Defense & Security Solutions Company 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.