Bleakley Financial Group LLC Sells 4,749 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bleakley Financial Group LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 133,937 shares of the aerospace company’s stock after selling 4,749 shares during the period. Bleakley Financial Group LLC’s holdings in Kratos Defense & Security Solutions were worth $3,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KTOS. Contravisory Investment Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the period. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $39,000. Meeder Asset Management Inc. acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $53,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth $100,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Trading Down 5.1 %

Shares of NASDAQ:KTOS opened at $32.54 on Friday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The stock has a market cap of $4.92 billion, a PE ratio of 325.43 and a beta of 1.10. The business has a 50 day moving average of $29.51 and a 200-day moving average of $25.45. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The firm had revenue of $275.90 million for the quarter, compared to the consensus estimate of $278.47 million. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KTOS. Truist Financial raised their price objective 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. JMP Securities raised their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Jefferies Financial Group raised their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Robert W. Baird lifted their price target 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. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the sale, the senior vice president now directly owns 55,631 shares in the company, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.98, for a total value of $322,217.68. Following the completion of the sale, the insider now owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. 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. Company insiders own 2.27% of the company’s stock.

About Kratos Defense & Security Solutions

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.