Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 74.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,375 shares of the aerospace company’s stock after selling 178,550 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Kratos Defense & Security Solutions were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $1,628,000. FMR LLC boosted its position in shares of Kratos Defense & Security Solutions by 56.4% during the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after purchasing an additional 1,091,380 shares in the last quarter. Profit Investment Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $2,608,000. Raymond James & Associates grew its stake in shares of Kratos Defense & Security Solutions by 54.6% during the 4th quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock worth $3,817,000 after purchasing an additional 66,442 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Kratos Defense & Security Solutions by 23.0% in the 3rd quarter. Wellington Management Group LLP now owns 366,089 shares of the aerospace company’s stock valued at $5,499,000 after purchasing an additional 68,566 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $0.25 during trading on Tuesday, hitting $18.76. The stock had a trading volume of 1,305,064 shares, compared to its average volume of 1,304,176. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -312.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. The company’s 50 day moving average price is $18.00 and its two-hundred day moving average price is $18.51. Kratos Defense & Security Solutions, Inc. has a 1-year low of $12.88 and a 1-year high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KTOS shares. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $20.00 to $27.00 in a research report on Friday, April 26th. Jefferies Financial Group dropped their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.14.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the transaction, the chief financial officer now owns 214,765 shares of the company’s stock, valued at approximately $4,295,300. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $18.24, for a total transaction of $127,680.00. Following the completion of the transaction, the insider now owns 345,711 shares of the company’s stock, valued at $6,305,768.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief financial officer now owns 214,765 shares in the company, valued at approximately $4,295,300. The disclosure for this sale can be found here. In the last three months, insiders sold 41,538 shares of company stock worth $773,419. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.