The Manufacturers Life Insurance Company Has $2.13 Million Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

The Manufacturers Life Insurance Company increased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,760 shares of the aerospace company’s stock after purchasing an additional 4,377 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Kratos Defense & Security Solutions worth $2,130,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KTOS. Benchmark raised their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $33.61 on Friday. The company has a market capitalization of $5.15 billion, a P/E ratio of 336.13 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $36.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company’s 50 day moving average price is $31.77 and its two-hundred day moving average price is $29.29.

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

Insiders Place Their Bets

In related news, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $33.91, for a total transaction of $135,640.00. Following the completion of the transaction, the insider now owns 53,812 shares in the company, valued at approximately $1,824,764.92. This represents a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, February 18th. The shares were 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 owns 60,443 shares in the company, valued at $1,639,214.16. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,168 shares of company stock valued at $2,537,940 in the last quarter. 2.37% of the stock is currently owned by insiders.

About Kratos Defense & Security Solutions

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.