Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,798,339 shares of the aerospace company's stock after purchasing an additional 35,223 shares during the period. Northern Trust Corp owned about 1.19% of Kratos Defense & Security Solutions worth $47,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management grew its position in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $53,000. SBI Securities Co. Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $55,000. Finally, MRP Capital Investments LLC grew its position 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 valued at $59,000 after purchasing an additional 500 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KTOS has been the subject of several analyst reports. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Benchmark increased their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Saturday. Royal Bank of Canada increased their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Kratos Defense & Security Solutions Stock Up 1.0%

Kratos Defense & Security Solutions stock traded up $0.32 during midday trading on Monday, reaching $33.93. The company's stock had a trading volume of 2,211,127 shares, compared to its average volume of 1,651,693. The business has a 50-day simple moving average of $31.77 and a 200-day simple moving average of $29.33. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $36.85. The company has a market cap of $5.21 billion, a P/E ratio of 339.33 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted 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 return on equity of 3.68% and a net margin of 1.31%. The business had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business's revenue was up 9.2% compared to the same quarter last year. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 8,637 shares of the business's stock in a transaction that occurred 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 $331,515.10. The trade was a 41.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $33.91, for a total value of $135,640.00. Following the sale, the insider now directly owns 53,812 shares in the company, valued at $1,824,764.92. This trade represents a 6.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,168 shares of company stock valued at $2,537,940 over the last quarter. 2.37% of the stock is currently owned by insiders.

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.