Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 13.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,516 shares of the aerospace company’s stock after acquiring an additional 9,032 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Kratos Defense & Security Solutions worth $1,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkwood LLC lifted its stake in Kratos Defense & Security Solutions by 6.2% in the 4th 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. Red Mountain Financial LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth $213,000. Vanguard Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company’s stock worth $246,824,000 after purchasing an additional 229,472 shares during the period. PNC Financial Services Group Inc. increased its stake in Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $33,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Activity

In other news, SVP Marie Mendoza sold 1,355 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions 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 in the company, valued at approximately $1,272,297.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the transaction, the chief financial officer now owns 279,775 shares in the company, valued at approximately $6,625,072. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,633 shares of company stock valued at $1,751,317 over the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $24.43 on Friday. The firm’s 50-day simple moving average is $22.27 and its 200 day simple moving average is $20.77. The firm has a market capitalization of $3.69 billion, a PE ratio of 77.34 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.36 and a 52 week high of $25.51. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

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

Analysts Set New Price Targets

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

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.