Algert Global LLC Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Algert Global LLC acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,107 shares of the aerospace company’s stock, valued at approximately $302,000.

A number of other hedge funds have also recently made changes to their positions in KTOS. Westwood Holdings Group Inc. purchased a new position in Kratos Defense & Security Solutions in the 1st quarter worth approximately $46,177,000. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after buying an additional 1,331,499 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the first quarter worth $11,198,000. Finally, Bamco Inc. NY boosted its position in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after acquiring an additional 511,538 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Four 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, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $25.07 on Wednesday. The firm has a market capitalization of $3.79 billion, a PE ratio of 77.34 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12-month low of $15.63 and a 12-month high of $25.51. The firm has a 50-day moving average price of $22.17 and a 200-day moving average price of $20.71. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The business had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco bought 12,396 shares of the stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now owns 1,058,264 shares of the company’s stock, valued at $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric M. Demarco acquired 12,396 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the acquisition, the chief executive officer now directly owns 1,058,264 shares in the company, valued at $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,633 shares of company stock valued at $1,751,317 in the last quarter. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Company 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.