Bamco Inc. NY Trims Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Bamco Inc. NY lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,084,269 shares of the aerospace company’s stock after selling 525,277 shares during the period. Bamco Inc. NY owned approximately 2.42% of Kratos Defense & Security Solutions worth $189,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rovida Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $82,315,000. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 11.7% in the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after purchasing an additional 1,728,179 shares during the period. Nuveen LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $41,118,000. Voya Investment Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 129.2% during the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock worth $64,226,000 after buying an additional 1,219,585 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Kratos Defense & Security Solutions by 29.6% in the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after buying an additional 1,162,577 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Down 3.6%

Kratos Defense & Security Solutions stock opened at $75.96 on Friday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $112.57. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 584.35 and a beta of 1.14. The stock’s fifty day moving average is $82.32 and its two-hundred day moving average is $66.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The business had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KTOS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Truist Financial raised their price target on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BTIG Research upped their target price on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. BNP Paribas set a $80.00 price objective on Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, Director William A. Hoglund sold 75,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.35, for a total value of $5,576,250.00. Following the completion of the transaction, the director directly owned 147,193 shares of the company’s stock, valued at $10,943,799.55. The trade was a 33.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Amy Zegart sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $74.17, for a total value of $741,700.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 448,866 shares of company stock worth $33,889,148. 2.37% of the stock is currently owned by insiders.

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.