SG Americas Securities LLC Purchases 3,195 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SG Americas Securities LLC increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 40.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,172 shares of the aerospace company’s stock after buying an additional 3,195 shares during the period. SG Americas Securities LLC’s holdings in Kratos Defense & Security Solutions were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its stake in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter worth about $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $53,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at about $102,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 0.3 %

Shares of KTOS stock opened at $34.28 on Thursday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66. The stock has a market cap of $5.18 billion, a P/E ratio of 342.83 and a beta of 1.10. The stock has a 50 day moving average of $29.51 and a 200 day moving average of $25.45. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $275.90 million for the quarter, compared to analyst estimates of $278.47 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. During the same quarter in the prior year, the business posted $0.08 EPS. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the transaction, the senior vice president now owns 37,327 shares in the company, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the completion of the sale, the chief financial officer now directly owns 292,873 shares in the company, valued at $9,632,592.97. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,428 shares of company stock valued at $2,824,956 in the last ninety days. 2.27% of the stock is currently owned by corporate 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.