Hodges Capital Management Inc. Makes New $6.80 Million Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hodges Capital Management Inc. purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 370,000 shares of the aerospace company’s stock, valued at approximately $6,800,000. Hodges Capital Management Inc. owned approximately 0.25% of Kratos Defense & Security Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arkadios Wealth Advisors grew its stake in Kratos Defense & Security Solutions by 1.3% in the 4th quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company’s stock valued at $1,158,000 after acquiring an additional 743 shares during the last quarter. Register Financial Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 0.4% in the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after purchasing an additional 750 shares in the last quarter. LGL Partners LLC grew its position in shares of Kratos Defense & Security Solutions by 2.0% in the fourth quarter. LGL Partners LLC now owns 51,000 shares of the aerospace company’s stock valued at $1,035,000 after purchasing an additional 999 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 222.5% during the 4th 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 last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of a number of analyst reports. JMP Securities started coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Jefferies Financial Group cut their target price on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $20.00 to $27.00 in a research note on Friday, April 26th. Finally, BTIG Research began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $18.76, for a total transaction of $131,320.00. Following the completion of the sale, the insider now owns 423,098 shares of the company’s stock, valued at approximately $7,937,318.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $18.76, for a total transaction of $131,320.00. Following the completion of the sale, the insider now directly owns 423,098 shares of the company’s stock, valued at approximately $7,937,318.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $21.91, for a total value of $131,460.00. Following the completion of the transaction, the chief financial officer now directly owns 303,909 shares in the company, valued at $6,658,646.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,720 shares of company stock valued at $3,391,521. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 0.2 %

Shares of KTOS traded up $0.04 during mid-day trading on Friday, hitting $20.01. The company had a trading volume of 4,160,527 shares, compared to its average volume of 941,300. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.13 and a 1-year high of $22.77. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $20.06 and its 200-day simple moving average is $19.09. The stock has a market cap of $3.00 billion, a PE ratio of 77.54 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. Kratos Defense & Security Solutions’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business earned $0.01 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.3 earnings per share 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.