Rice Hall James & Associates LLC Has $3.67 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rice Hall James & Associates LLC trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,606 shares of the aerospace company’s stock after selling 1,751 shares during the period. Rice Hall James & Associates LLC owned approximately 0.10% of Kratos Defense & Security Solutions worth $3,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at about $264,000. Sequoia Financial Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after acquiring an additional 982 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Kratos Defense & Security Solutions by 12.7% during the first quarter. BNP Paribas Financial Markets now owns 228,059 shares of the aerospace company’s stock worth $4,192,000 after purchasing an additional 25,703 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $160,000. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several research reports. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $24.00 to $26.00 in a research report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Truist Financial restated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.10.

Insider Activity at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco acquired 12,396 shares of the stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the insider now directly owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric M. Demarco acquired 12,396 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $20.19 per share, with a total value of $250,275.24. Following the purchase, the chief executive officer now owns 1,058,264 shares in the company, valued at $21,366,350.16. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 76,091 shares of company stock valued at $1,739,101 over the last three months. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $22.87 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 326.71 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.36 and a twelve month high of $25.91. The company has a 50-day simple moving average of $23.48 and a two-hundred day simple moving average of $21.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS 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.