Sumitomo Mitsui Trust Group Inc. Has $80.69 Million Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,144,337 shares of the aerospace company’s stock after selling 137,350 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Kratos Defense & Security Solutions were worth $80,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust raised its position in shares of Kratos Defense & Security Solutions by 2.7% during the fourth quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after buying an additional 100 shares during the last quarter. LVW Advisors LLC increased its stake in Kratos Defense & Security Solutions by 3.0% in the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after acquiring an additional 107 shares during the period. CENTRAL TRUST Co boosted its holdings in Kratos Defense & Security Solutions by 7.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 115 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Kratos Defense & Security Solutions by 2.1% in the 4th quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock valued at $449,000 after purchasing an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock worth $148,000 after buying an additional 125 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 35,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $58.23, for a total value of $2,038,050.00. Following the completion of the sale, the insider owned 309,087 shares in the company, valued at approximately $17,998,136.01. This represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scot B. Jarvis sold 5,417 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $75.90, for a total transaction of $411,150.30. Following the completion of the sale, the director owned 75,123 shares in the company, valued at approximately $5,701,835.70. This trade represents a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 161,453 shares of company stock valued at $9,466,223. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Canaccord Genuity Group upped their price target on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. BNP Paribas Exane boosted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citizens Jmp lowered their target price on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. Wedbush initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They set an “outperform” rating and a $85.00 target price for the company. Finally, Piper Sandler cut their price target on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $103.41.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $0.66 during midday trading on Friday, reaching $48.19. 2,372,479 shares of the company’s stock traded hands, compared to its average volume of 5,385,610. The company has a 50-day simple moving average of $55.44 and a two-hundred day simple moving average of $76.88. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 1-year low of $46.01 and a 1-year high of $134.00. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 283.47 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.