Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,109,206 shares of the aerospace company’s stock after selling 421,098 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Kratos Defense & Security Solutions were worth $63,086,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter worth approximately $1,279,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Kratos Defense & Security Solutions by 6.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,415 shares of the aerospace company’s stock worth $1,206,000 after purchasing an additional 3,685 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Kratos Defense & Security Solutions by 1.3% during the fourth quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company’s stock worth $1,158,000 after purchasing an additional 743 shares during the last quarter. Canal Insurance CO lifted its stake in Kratos Defense & Security Solutions by 4.6% during the fourth quarter. Canal Insurance CO now owns 164,219 shares of the aerospace company’s stock worth $3,332,000 after purchasing an additional 7,219 shares during the last quarter. Finally, Veracity Capital LLC purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter worth approximately $299,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the completion of the sale, the insider now owns 352,641 shares in the company, valued at $6,114,794.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the completion of the sale, the insider now owns 352,641 shares in the company, valued at $6,114,794.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the chief financial officer now owns 214,765 shares of the company’s stock, valued at approximately $4,295,300. The disclosure for this sale can be found here. Insiders sold 41,538 shares of company stock worth $763,479 over the last 90 days. 2.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KTOS. Jefferies Financial Group decreased their target price 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. The Goldman Sachs Group boosted their target price on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Benchmark boosted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated 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. Finally, Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $21.14.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of NASDAQ KTOS opened at $17.61 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22. Kratos Defense & Security Solutions, Inc. has a twelve month low of $12.12 and a twelve month high of $21.60. The stock has a 50 day moving average of $18.31 and a two-hundred day moving average of $18.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The business had revenue of $273.80 million during the quarter, compared to analysts’ expectations of $253.39 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Kratos Defense & Security Solutions Company 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.