Ethic Inc. Has $234,000 Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Ethic Inc. cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,857 shares of the aerospace company’s stock after selling 2,321 shares during the period. Ethic Inc.’s holdings in Kratos Defense & Security Solutions were worth $234,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KTOS. Jones Financial Companies Lllp raised its position 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 during the last quarter. Hemington Wealth Management raised its position in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth $53,000. SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth $55,000. Finally, MRP Capital Investments LLC raised its position 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 purchasing an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the transaction, the senior vice president now owns 60,443 shares of the company’s stock, valued at approximately $1,639,214.16. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas E. Iv Mills sold 8,637 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the transaction, the insider now directly owns 12,215 shares in the company, valued at approximately $331,515.10. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,954 shares of company stock worth $4,282,295 in the last three months. Company insiders own 2.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 10th. Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Benchmark increased their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Truist Financial increased 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. Finally, JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.75.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $35.21 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a 50-day moving average of $32.38 and a 200-day moving average of $29.65. The company has a market cap of $5.40 billion, a PE ratio of 352.14 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $302.60 million during 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 firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Kratos Defense & Security Solutions Company 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.