Driehaus Capital Management LLC Raises Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Driehaus Capital Management LLC raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 51.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 721,543 shares of the aerospace company’s stock after buying an additional 245,422 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.48% of Kratos Defense & Security Solutions worth $14,438,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth $8,807,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Kratos Defense & Security Solutions by 3,867.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,086 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 13,731 shares during the period. Stifel Financial Corp grew its holdings in shares of Kratos Defense & Security Solutions by 2.9% during the 4th quarter. Stifel Financial Corp now owns 257,433 shares of the aerospace company’s stock worth $5,223,000 after purchasing an additional 7,332 shares during the period. TFO Wealth Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares during the period. Finally, Waterloo Capital L.P. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth $577,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Up 0.4 %

NASDAQ:KTOS opened at $23.29 on Friday. The stock’s 50 day moving average price is $21.82 and its 200 day moving average price is $20.31. The company has a market capitalization of $3.52 billion, a PE ratio of 72.56 and a beta of 1.02. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a 52-week low of $14.33 and a 52-week high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KTOS. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Truist Financial reissued a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday. Royal Bank of Canada increased their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at approximately $1,370,621.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at approximately $1,370,621.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the completion of the transaction, the insider now owns 272,570 shares in the company, valued at $6,034,699.80. The disclosure for this sale can be found here. Insiders have sold 69,210 shares of company stock worth $1,505,072 in the last quarter. 2.27% of the stock is owned by 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.