Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Holdings Decreased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 37.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,519 shares of the aerospace company’s stock after selling 32,198 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kratos Defense & Security Solutions were worth $735,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Kratos Defense & Security Solutions by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after acquiring an additional 29,108 shares in the last quarter. Raymond James & Associates increased its position in Kratos Defense & Security Solutions by 36.0% in the 1st quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock valued at $2,117,000 after acquiring an additional 27,379 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Kratos Defense & Security Solutions by 32.4% during the 1st quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after purchasing an additional 190,343 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Kratos Defense & Security Solutions by 54.0% during the 1st quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after acquiring an additional 22,960 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Kratos Defense & Security Solutions by 3.2% in the 1st quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock valued at $196,054,000 after purchasing an additional 294,143 shares during the period. Institutional investors and hedge funds own 83.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James initiated coverage on Kratos Defense & Security Solutions in a research report on Thursday, July 20th. They set an “outperform” rating and a $17.00 price target for the company. StockNews.com began coverage on shares of Kratos Defense & Security Solutions in a research note on Thursday, August 17th. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Finally, TheStreet upgraded Kratos Defense & Security Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Hold” and an average target price of $16.29.

Insider Activity

In related news, insider Steven S. Fendley sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $13.97, for a total value of $349,250.00. Following the completion of the transaction, the insider now directly owns 347,045 shares in the company, valued at approximately $4,848,218.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Deanna H. Lund sold 105,116 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.00, for a total value of $1,576,740.00. Following the transaction, the chief financial officer now directly owns 175,457 shares of the company’s stock, valued at $2,631,855. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $13.97, for a total value of $349,250.00. Following the completion of the transaction, the insider now owns 347,045 shares in the company, valued at approximately $4,848,218.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,992 shares of company stock valued at $3,077,140. Corporate insiders own 2.06% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $15.25 on Monday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $8.90 and a 12 month high of $17.31. The firm has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $13.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.34.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $235.93 million. Kratos Defense & Security Solutions had a positive return on equity of 1.91% and a negative net margin of 2.69%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.23 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.