Ethic Inc. Sells 2,321 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Ethic Inc. decreased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 20.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,857 shares of the aerospace company’s stock after selling 2,321 shares during the quarter. Ethic Inc.’s holdings in Kratos Defense & Security Solutions were worth $234,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after buying an additional 701,216 shares in the last quarter. FMR LLC lifted its position in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after buying an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock worth $82,576,000 after buying an additional 203,245 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Kratos Defense & Security Solutions by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after buying an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Kratos Defense & Security Solutions by 9.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company’s stock worth $54,845,000 after buying an additional 172,030 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

KTOS has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Benchmark lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.75.

Kratos Defense & Security Solutions Stock Up 2.4%

Kratos Defense & Security Solutions stock opened at $35.21 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $36.85. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 352.14 and a beta of 1.03. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $32.38 and a 200 day simple moving average of $29.65.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same period in the previous year, the business earned $0.11 EPS. Kratos Defense & Security Solutions’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the completion of the transaction, the senior vice president now directly owns 60,443 shares in the company, valued at approximately $1,639,214.16. The trade was a 2.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,954 shares of company stock worth $4,282,295. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions 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.