26,420 Shares of Kratos Defense & Security Solutions, Inc. $KTOS Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 26,420 shares of the aerospace company’s stock, valued at approximately $1,128,000.

Several other institutional investors also recently bought and sold shares of KTOS. Harbor Investment Advisory LLC purchased a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at about $25,000. Vision Retirement LLC increased its stake in Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 317 shares during the period. Compass Financial Management LLC purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $34,000. Versant Capital Management Inc lifted its position in Kratos Defense & Security Solutions by 61.9% in the second quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 266 shares during the last quarter. Finally, IMG Wealth Management Inc. lifted its position in Kratos Defense & Security Solutions by 427.0% in the first quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 427 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 1.1%

NASDAQ KTOS opened at $38.68 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. The stock has a market capitalization of $7.26 billion, a PE ratio of 79.73 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 1 year low of $36.37 and a 1 year high of $134.00. The business’s 50-day moving average is $46.80 and its 200 day moving average is $53.58.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. Kratos Defense & Security Solutions’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.58 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $56.16, for a total transaction of $393,120.00. Following the transaction, the insider directly owned 288,111 shares of the company’s stock, valued at approximately $16,180,313.76. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $39.86, for a total value of $259,090.00. Following the transaction, the insider directly owned 169,196 shares in the company, valued at $6,744,152.56. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 382,013 shares of company stock worth $23,856,842. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday. BTIG Research lifted their target price on shares of Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 6th. They issued a “buy” rating and a $70.00 target price on the stock. Citizens Jmp lowered their price target on shares of Kratos Defense & Security Solutions from $105.00 to $70.00 and set a “market outperform” rating for the company in a report on Monday, October 19th. Finally, Barclays initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, October 9th. They set an “overweight” rating and a $90.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $89.50.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.

Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.