Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is Stephens Investment Management Group LLC’s 5th Largest Position

Stephens Investment Management Group LLC cut its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,256,389 shares of the aerospace company’s stock after selling 27,919 shares during the quarter. Kratos Defense & Security Solutions comprises 1.5% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 5th biggest position. Stephens Investment Management Group LLC’s holdings in Kratos Defense & Security Solutions were worth $112,284,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after buying an additional 444 shares in the last quarter. Wealth Quarterback LLC boosted its position in shares of Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 528 shares during the last quarter. ORG Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the last quarter. Finally, KBC Group NV lifted its position in Kratos Defense & Security Solutions by 23.7% during the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 976 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the completion of the transaction, the chief financial officer now owns 292,873 shares in the company, valued at approximately $9,632,592.97. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the sale, the insider now owns 265,499 shares in the company, valued at approximately $6,637,475. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,428 shares of company stock worth $2,824,956 over the last quarter. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Trading Down 0.2 %

NASDAQ:KTOS opened at $32.46 on Friday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 324.63 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. 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 company has a fifty day moving average of $29.73 and a 200 day moving average of $25.58.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period in the previous year, the business earned $0.08 earnings per share. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KTOS shares. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial lifted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $29.30.

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.