Aperio Group LLC purchased a new stake in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,314 shares of the aerospace company’s stock, valued at approximately $122,000.
Other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in Kratos Defense & Security Solutions by 111.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 25,117 shares of the aerospace company’s stock worth $393,000 after buying an additional 13,218 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Kratos Defense & Security Solutions by 16.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,395 shares of the aerospace company’s stock worth $209,000 after buying an additional 1,867 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Kratos Defense & Security Solutions in the 1st quarter worth about $11,099,000. California Public Employees Retirement System increased its holdings in Kratos Defense & Security Solutions by 8.1% in the 1st quarter. California Public Employees Retirement System now owns 354,359 shares of the aerospace company’s stock worth $5,539,000 after buying an additional 26,659 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in Kratos Defense & Security Solutions by 2.5% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 1,908,637 shares of the aerospace company’s stock worth $29,832,000 after buying an additional 46,618 shares in the last quarter. Hedge funds and other institutional investors own 83.76% of the company’s stock.
In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 123,245 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $19.65, for a total value of $2,421,764.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven S. Fendley sold 30,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $19.07, for a total value of $572,100.00. The disclosure for this sale can be found here. Insiders sold a total of 791,932 shares of company stock worth $15,305,451 in the last ninety days. 15.54% of the stock is currently owned by corporate insiders.
A number of equities research analysts have issued reports on KTOS shares. BidaskClub upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup cut Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Noble Financial cut Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price objective on the stock. in a research report on Wednesday, June 5th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, July 3rd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price objective (up from $19.00) on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.67.
NASDAQ KTOS opened at $19.03 on Tuesday. The company has a market cap of $2.06 billion, a P/E ratio of 111.94, a P/E/G ratio of 11.98 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.33 and a current ratio of 2.73. The business’s 50 day moving average price is $19.51 and its 200-day moving average price is $19.52. Kratos Defense & Security Solutions, Inc has a fifty-two week low of $11.91 and a fifty-two week high of $25.08.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $187.90 million for the quarter, compared to the consensus estimate of $178.72 million. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. Kratos Defense & Security Solutions’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc will post 0.23 EPS for the current year.
Kratos Defense & Security Solutions Company Profile
Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.
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