Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,798,339 shares of the aerospace company’s stock after purchasing an additional 35,223 shares during the quarter. Northern Trust Corp’s holdings in Kratos Defense & Security Solutions were worth $47,440,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Stifel Financial Corp raised its holdings in Kratos Defense & Security Solutions by 17.5% during the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company’s stock worth $7,808,000 after purchasing an additional 44,048 shares in the last quarter. MRA Advisory Group acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 16,650 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the sale, the senior vice president now directly owns 60,443 shares in the company, valued at approximately $1,639,214.16. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the transaction, the insider now owns 12,215 shares in the company, valued at $331,515.10. This trade represents a 41.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,168 shares of company stock worth $2,537,940. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $34.22 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $36.85. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.25 billion, a PE ratio of 342.23 and a beta of 1.03. The business has a fifty day simple moving average of $31.62 and a 200-day simple moving average of $29.19.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. During the same period in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

KTOS has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Finally, Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.75.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.