Rhumbline Advisers Raises Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rhumbline Advisers boosted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 230,059 shares of the aerospace company’s stock after acquiring an additional 1,092 shares during the period. Rhumbline Advisers owned 0.15% of Kratos Defense & Security Solutions worth $4,603,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its stake 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 worth $25,000 after purchasing an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $30,000. NBC Securities Inc. purchased a new position in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $33,000. PNC Financial Services Group Inc. raised its holdings in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the period. Finally, EntryPoint Capital LLC lifted its position in shares of Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 1,506 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Royal Bank of Canada lifted their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday. Finally, JMP Securities assumed coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Kratos Defense & Security Solutions Trading Up 2.3 %

Shares of KTOS opened at $22.49 on Monday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.98 and a 1-year high of $23.23. The company has a market capitalization of $3.38 billion, a P/E ratio of 68.69 and a beta of 1.02. 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’s 50 day simple moving average is $21.45 and its 200 day simple moving average is $20.00.

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

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $21.09, for a total value of $147,630.00. Following the completion of the transaction, the insider now directly owns 384,160 shares in the company, valued at approximately $8,101,934.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the transaction, the senior vice president now owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $21.09, for a total transaction of $147,630.00. Following the completion of the sale, the insider now directly owns 384,160 shares of the company’s stock, valued at $8,101,934.40. The disclosure for this sale can be found here. Insiders have sold 71,355 shares of company stock worth $1,545,240 over the last 90 days. Corporate insiders own 2.27% of the company’s stock.

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.