Oppenheimer & Co. Inc. increased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Rating) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,717 shares of the aerospace company’s stock after buying an additional 8,970 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.07% of Kratos Defense & Security Solutions worth $895,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KTOS. Stephens Investment Management Group LLC grew its holdings in shares of Kratos Defense & Security Solutions by 41.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 3,940,085 shares of the aerospace company’s stock valued at $39,677,000 after buying an additional 1,153,176 shares during the last quarter. State Street Corp grew its holdings in shares of Kratos Defense & Security Solutions by 25.6% during the first quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock valued at $113,900,000 after buying an additional 1,134,464 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 107.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,696,230 shares of the aerospace company’s stock valued at $23,543,000 after buying an additional 877,043 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kratos Defense & Security Solutions by 290.9% during the first quarter. Renaissance Technologies LLC now owns 713,799 shares of the aerospace company’s stock valued at $14,619,000 after buying an additional 531,200 shares during the last quarter. Finally, ARS Investment Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 49.7% during the fourth quarter. ARS Investment Partners LLC now owns 1,386,036 shares of the aerospace company’s stock valued at $14,304,000 after buying an additional 460,406 shares during the last quarter. 83.56% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on KTOS. StockNews.com began coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Canaccord Genuity Group raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and upped their price target for the company from $11.50 to $14.00 in a report on Friday, February 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a report on Monday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.31.
Kratos Defense & Security Solutions Trading Down 1.2 %
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $231.80 million during the quarter, compared to the consensus estimate of $223.53 million. Kratos Defense & Security Solutions had a negative net margin of 3.00% and a positive return on equity of 1.68%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.16 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP Marie Mendoza sold 7,211 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $14.00, for a total transaction of $100,954.00. Following the completion of the transaction, the senior vice president now owns 42,760 shares in the company, valued at approximately $598,640. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Marie Mendoza sold 7,211 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $14.00, for a total transaction of $100,954.00. Following the completion of the transaction, the senior vice president now owns 42,760 shares in the company, valued at approximately $598,640. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Benjamin M. Goodwin sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $102,160.00. Following the transaction, the senior vice president now owns 14,370 shares of the company’s stock, valued at approximately $183,504.90. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.
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