Point72 Asia Singapore Pte. Ltd. Takes $61,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,067 shares of the aerospace company’s stock, valued at approximately $61,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after purchasing an additional 136,696 shares during the period. Hood River Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 5.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after purchasing an additional 19,104 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $23.29 on Monday. The company has a market capitalization of $3.50 billion, a P/E ratio of 72.47 and a beta of 1.02. The company’s 50-day moving average is $21.82 and its 200 day moving average is $20.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $24.08.

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

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 63,393 shares in the company, valued at $1,272,297.51. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.09, for a total transaction of $70,315.00. Following the sale, the insider now owns 276,091 shares in the company, valued at $5,546,668.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,210 shares of company stock worth $1,385,072. Insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective 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. Royal Bank of Canada lifted their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a “neutral” rating for the company. Truist Financial reaffirmed 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 report on Thursday. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.