Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 382,663 shares of the aerospace company’s stock after acquiring an additional 26,500 shares during the period. First Eagle Investment Management LLC owned approximately 0.25% of Kratos Defense & Security Solutions worth $7,657,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KTOS. TFO Wealth Partners LLC grew 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 purchasing an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $30,000. NBC Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $33,000. PNC Financial Services Group Inc. grew its holdings in Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in shares of Kratos Defense & Security Solutions by 179.1% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the transaction, the chief financial officer now owns 298,016 shares of the company’s stock, valued at $5,960,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the sale, the senior vice president now directly owns 61,963 shares in the company, valued at approximately $1,370,621.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the chief financial officer now owns 298,016 shares in the company, valued at $5,960,320. The disclosure for this sale can be found here. Insiders have sold 76,210 shares of company stock worth $1,652,702 over the last three months. Company insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of 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. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. JMP Securities began 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 price target for the company. BTIG Research started coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada increased their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $22.80 on Friday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $24.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The company has a 50 day moving average price of $21.61 and a 200 day moving average price of $20.10. The stock has a market capitalization of $3.44 billion, a P/E ratio of 69.22 and a beta of 1.02.

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

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.