Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,798,339 shares of the aerospace company’s stock after acquiring an additional 35,223 shares during the period. Northern Trust Corp owned approximately 1.19% of Kratos Defense & Security Solutions worth $47,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KTOS. Summit Investment Advisors Inc. lifted its position in Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 490 shares during the period. MRP Capital Investments LLC raised its stake in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after buying an additional 586 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after buying an additional 610 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in 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 acquiring an additional 621 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 5.1 %

Shares of NASDAQ:KTOS opened at $34.22 on Friday. The stock’s fifty day simple moving average is $31.62 and its 200-day simple moving average is $29.19. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $36.85. The company has a market capitalization of $5.25 billion, a P/E ratio of 342.23 and a beta of 1.03. 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 results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares of the company’s stock, valued at $1,639,214.16. This represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric M. Demarco purchased 9,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the acquisition, the chief executive officer now owns 1,267,482 shares in the company, valued at $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 87,168 shares of company stock worth $2,537,940. Insiders own 2.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Royal Bank of Canada upped their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Benchmark lifted their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $36.75.

Kratos Defense & Security Solutions Company Profile

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.