US Bancorp DE Has $606,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

US Bancorp DE decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,421 shares of the aerospace company’s stock after selling 748 shares during the quarter. US Bancorp DE’s holdings in Kratos Defense & Security Solutions were worth $606,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Kratos Defense & Security Solutions by 7.6% during the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after purchasing an additional 307,907 shares during the period. Ameriprise Financial Inc. grew its holdings in Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock valued at $82,576,000 after buying an additional 203,245 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Kratos Defense & Security Solutions by 9.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company’s stock worth $54,845,000 after buying an additional 172,030 shares during the period. Northern Trust Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,798,339 shares of the aerospace company’s stock worth $47,440,000 after buying an additional 35,223 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Kratos Defense & Security Solutions by 140.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company’s stock valued at $42,201,000 after acquiring an additional 934,455 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 2,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $50.97, for a total transaction of $101,940.00. Following the completion of the sale, the senior vice president owned 65,535 shares in the company, valued at approximately $3,340,318.95. This trade represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total transaction of $151,000.00. Following the completion of the transaction, the insider owned 101,691 shares in the company, valued at approximately $3,838,835.25. This trade represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,572 shares of company stock worth $4,294,256 in the last ninety days. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 2.4%

NASDAQ KTOS opened at $65.41 on Tuesday. The business’s fifty day moving average is $49.34 and its 200-day moving average is $37.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 654.17 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a one year low of $19.36 and a one year high of $68.68.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%. The company had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on KTOS shares. Raymond James Financial restated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research note on Friday. Stifel Nicolaus raised their target price on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 30th. Royal Bank Of Canada raised their price objective on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wall Street Zen downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.92.

Kratos Defense & Security Solutions 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.