Mirae Asset Global Investments Co. Ltd. Has $98,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,190 shares of the aerospace company’s stock after selling 595 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Kratos Defense & Security Solutions were worth $98,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Aspect Partners LLC grew its holdings in Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company’s stock valued at $30,000 after buying an additional 950 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock worth $31,000 after buying an additional 700 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $55,000. Finally, MRP Capital Investments LLC lifted its position in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $44.61 on Monday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $47.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 343.14 and a beta of 1.06. The business has a 50-day moving average of $38.60 and a 200-day moving average of $33.16.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 7th. 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 return on equity of 3.85% and a net margin of 1.68%. The business had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 2,419 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $41.87, for a total transaction of $101,283.53. Following the completion of the sale, the senior vice president owned 67,488 shares of the company’s stock, valued at $2,825,722.56. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $45.43, for a total value of $181,720.00. Following the completion of the sale, the insider directly owned 46,243 shares of the company’s stock, valued at $2,100,819.49. This trade represents a 7.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,572 shares of company stock valued at $5,373,706 over the last ninety days. Insiders own 2.37% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the subject of several research reports. The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, June 30th. Noble Financial increased their target price on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Truist Financial increased their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada increased their target price on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $44.82.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.