Mirae Asset Global Investments Co. Ltd. Acquires 3,685 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,415 shares of the aerospace company’s stock after acquiring an additional 3,685 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kratos Defense & Security Solutions were worth $1,206,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Kratos Defense & Security Solutions by 181.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,041 shares of the aerospace company’s stock worth $76,000 after purchasing an additional 3,250 shares during the last quarter. Advisor Partners II LLC acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter worth approximately $153,000. Blair William & Co. IL acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter worth approximately $161,000. Strs Ohio bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $165,000. Finally, Commonwealth Equity Services LLC increased its position in Kratos Defense & Security Solutions by 6.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 808 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $17.83 on Tuesday. The firm has a market capitalization of $2.67 billion, a P/E ratio of -297.12 and a beta of 0.81. The firm’s 50-day moving average price is $18.29 and its 200-day moving average price is $18.42. 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 1-year low of $12.12 and a 1-year high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $253.39 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Benchmark upped their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Jefferies Financial Group decreased their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. 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. Finally, Truist Financial raised their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, January 29th. The shares were sold at an average price of $17.34, for a total value of $121,380.00. Following the completion of the sale, the insider now owns 352,641 shares of the company’s stock, valued at approximately $6,114,794.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 214,765 shares of the company’s stock, valued at $4,295,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated 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 approximately $6,114,794.94. The disclosure for this sale can be found here. Insiders have sold 41,538 shares of company stock valued at $763,479 over the last ninety days. 2.27% of the stock is owned by company insiders.

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.