K2 Principal Fund L.P. Has $791,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

K2 Principal Fund L.P. lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the aerospace company’s stock after acquiring an additional 9,720 shares during the period. K2 Principal Fund L.P.’s holdings in Kratos Defense & Security Solutions were worth $791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KTOS. Jones Financial Companies Lllp increased its holdings in 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 purchasing an additional 610 shares in the last quarter. Hemington Wealth Management grew its holdings in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $53,000. SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions during the 4th quarter valued at $55,000. Finally, MRP Capital Investments LLC boosted its holdings in 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 acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KTOS shares. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Truist Financial lifted their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Benchmark upped their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $33.61 on Friday. The firm has a market cap of $5.16 billion, a P/E ratio of 336.13 and a beta of 1.03. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $31.77 and its 200-day moving average is $29.29. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts predict 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 1,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the transaction, the senior vice president now directly owns 60,443 shares in the company, valued at $1,639,214.16. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $33.91, for a total value of $135,640.00. Following the completion of the sale, the insider now directly owns 53,812 shares in the company, valued at approximately $1,824,764.92. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,168 shares of company stock valued at $2,537,940 in the last quarter. 2.37% of the stock is currently owned by corporate 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.