Macquarie Group Ltd. Buys 23,956 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Macquarie Group Ltd. increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Rating) by 18.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 152,028 shares of the aerospace company’s stock after acquiring an additional 23,956 shares during the period. Macquarie Group Ltd. owned about 0.12% of Kratos Defense & Security Solutions worth $1,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KTOS. Massachusetts Financial Services Co. MA bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $16,282,000. State Street Corp lifted its stake in shares of Kratos Defense & Security Solutions by 25.6% during the 1st quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock worth $113,900,000 after acquiring an additional 1,134,464 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 107.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,696,230 shares of the aerospace company’s stock worth $23,543,000 after acquiring an additional 877,043 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Kratos Defense & Security Solutions by 290.9% during the 1st quarter. Renaissance Technologies LLC now owns 713,799 shares of the aerospace company’s stock worth $14,619,000 after acquiring an additional 531,200 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 34.2% during the 2nd quarter. Franklin Resources Inc. now owns 1,930,891 shares of the aerospace company’s stock worth $26,801,000 after acquiring an additional 492,083 shares during the last quarter. 83.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Benjamin M. Goodwin sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $102,160.00. Following the transaction, the senior vice president now directly owns 14,370 shares in the company, valued at approximately $183,504.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.06% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Trading Up 0.1 %

Shares of NASDAQ:KTOS opened at $12.89 on Friday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $8.90 and a 12-month high of $22.26. The business’s fifty day simple moving average is $11.52 and its 200-day simple moving average is $10.91. The company has a market capitalization of $1.63 billion, a PE ratio of -44.45 and a beta of 0.83. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 0.27.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Kratos Defense & Security Solutions had a positive return on equity of 1.46% and a negative net margin of 4.11%. The business had revenue of $249.30 million for the quarter, compared to the consensus estimate of $242.84 million. During the same period last year, the business posted $0.07 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KTOS. Noble Financial decreased their price target on Kratos Defense & Security Solutions to $18.00 in a research note on Tuesday, November 15th. Canaccord Genuity Group raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and lifted their target price for the company from $11.50 to $14.00 in a research report on Friday, February 24th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Hold” and an average price target of $15.79.

Kratos Defense & Security Solutions Profile

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Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.