K2 Principal Fund L.P. Grows Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

K2 Principal Fund L.P. lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 47.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the aerospace company’s stock after purchasing an additional 9,720 shares during the quarter. K2 Principal Fund L.P.’s holdings in Kratos Defense & Security Solutions were worth $791,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KTOS. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $53,000. SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $55,000. Finally, MRP Capital Investments LLC raised its position in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $33.91, for a total transaction of $135,640.00. Following the completion of the sale, the insider now directly owns 53,812 shares in the company, valued at $1,824,764.92. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,168 shares of company stock worth $2,537,940. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $33.61 on Friday. 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 stock has a fifty day moving average of $31.77 and a 200 day moving average of $29.29. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 336.13 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same period last year, the company posted $0.11 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on KTOS shares. Robert W. Baird upped their price target on shares of 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. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank of Canada lifted their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.