MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $11.98 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 454,286 shares of the aerospace company's stock after buying an additional 83,235 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.30% of Kratos Defense & Security Solutions worth $11,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTOS. Barclays PLC increased its stake in Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock valued at $6,363,000 after buying an additional 192,667 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Kratos Defense & Security Solutions by 1.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company's stock worth $5,820,000 after purchasing an additional 3,770 shares during the last quarter. Contravisory Investment Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 229.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company's stock worth $95,000 after purchasing an additional 2,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 34.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,742 shares of the aerospace company's stock worth $864,000 after purchasing an additional 8,447 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $132,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several recent analyst reports. Royal Bank of Canada boosted 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. Benchmark boosted their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted 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. Finally, Truist Financial boosted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. One 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded up $0.44 on Thursday, reaching $34.77. The stock had a trading volume of 241,939 shares, compared to its average volume of 1,655,850. 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 firm has a fifty day moving average of $32.69 and a two-hundred day moving average of $29.85. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $36.85. The company has a market cap of $5.34 billion, a P/E ratio of 347.92 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating 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 firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same period in the prior year, the firm posted $0.11 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco bought 9,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the acquisition, the chief executive officer now owns 1,267,482 shares in the company, valued at $33,398,150.70. This trade represents a 0.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction 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 approximately $1,824,764.92. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,817 shares of company stock valued at $4,007,207 in the last ninety days. 2.37% of the stock is currently owned by corporate insiders.

About Kratos Defense & Security Solutions

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.