Goldman Sachs Group Inc. Has $26.85 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Goldman Sachs Group Inc. trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,323,525 shares of the aerospace company’s stock after selling 126,127 shares during the period. Goldman Sachs Group Inc. owned 0.89% of Kratos Defense & Security Solutions worth $26,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parkwood LLC raised its position in shares of Kratos Defense & Security Solutions by 6.2% in the fourth quarter. Parkwood LLC now owns 21,923 shares of the aerospace company’s stock valued at $445,000 after buying an additional 1,286 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $577,000. TFO Wealth Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after buying an additional 1,208 shares in the last quarter. Stifel Financial Corp increased its stake in Kratos Defense & Security Solutions by 2.9% in the fourth quarter. Stifel Financial Corp now owns 257,433 shares of the aerospace company’s stock valued at $5,223,000 after acquiring an additional 7,332 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Kratos Defense & Security Solutions by 3,867.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,086 shares of the aerospace company’s stock valued at $286,000 after acquiring an additional 13,731 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KTOS shares. Royal Bank of Canada lifted their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $20.00 to $27.00 in a research note on Friday, April 26th. JMP Securities started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, Jefferies Financial Group decreased their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $20.65 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $13.13 and a fifty-two week high of $22.77. The stock has a market cap of $3.10 billion, a PE ratio of 77.54 and a beta of 1.05. The firm’s fifty day moving average price is $19.83 and its two-hundred day moving average price is $19.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.18, for a total value of $27,270.00. Following the sale, the senior vice president now owns 67,030 shares of the company’s stock, valued at $1,218,605.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Bradley L. Boyd sold 1,720 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total value of $37,220.80. Following the transaction, the director now owns 3,280 shares in the company, valued at $70,979.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the transaction, the senior vice president now owns 67,030 shares in the company, valued at approximately $1,218,605.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,720 shares of company stock valued at $3,243,891 over the last 90 days. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.