Westfield Capital Management Co. LP Purchases 239,771 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Westfield Capital Management Co. LP boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,245,587 shares of the aerospace company’s stock after buying an additional 239,771 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Kratos Defense & Security Solutions were worth $94,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp increased its stake in shares of Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $31,000. Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $32,000. Murphy & Mullick Capital Management Corp increased its stake in shares of Kratos Defense & Security Solutions by 115.4% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 225 shares during the last quarter. Finally, Accredited Wealth Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $89.07, for a total transaction of $578,955.00. Following the completion of the transaction, the insider owned 234,292 shares of the company’s stock, valued at $20,868,388.44. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonah Adelman sold 31,348 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the transaction, the insider directly owned 8,000 shares of the company’s stock, valued at approximately $456,480. This trade represents a 79.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 183,564 shares of company stock worth $12,745,304. 1.50% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Trading Up 8.5%

NASDAQ:KTOS opened at $63.40 on Friday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $37.90 and a twelve month high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $64.11 and a two-hundred day moving average price of $80.72. The company has a market cap of $11.89 billion, a P/E ratio of 372.94 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The business’s revenue was up 22.6% on a year-over-year basis. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Citizens Jmp lowered their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. BTIG Research lowered their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their price target on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $96.28.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.