Algert Global LLC Purchases New Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Algert Global LLC acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,107 shares of the aerospace company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $46,177,000. Vanguard Group Inc. grew its stake in shares of Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after acquiring an additional 1,331,499 shares in the last quarter. Element Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $11,198,000. Finally, Bamco Inc. NY boosted its stake in Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KTOS. Truist Financial restated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. BTIG Research began coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 2,423 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total transaction of $60,575.00. Following the completion of the sale, the senior vice president now owns 59,453 shares of the company’s stock, valued at $1,486,325. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Eric M. Demarco acquired 12,396 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 2,423 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $25.00, for a total transaction of $60,575.00. Following the completion of the sale, the senior vice president now directly owns 59,453 shares of the company’s stock, valued at $1,486,325. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,633 shares of company stock worth $1,751,317. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $25.07 on Wednesday. Kratos Defense & Security Solutions, Inc. has a one year low of $15.63 and a one year high of $25.51. The business has a fifty day moving average of $22.17 and a 200 day moving average of $20.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The firm has a market capitalization of $3.79 billion, a P/E ratio of 77.34 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

About Kratos Defense & Security Solutions

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.