41,050 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,050 shares of the aerospace company’s stock, valued at approximately $833,000.

Several other institutional investors have also recently bought and sold shares of KTOS. Vanguard Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 0.4% in the third quarter. Vanguard Group Inc. now owns 11,935,354 shares of the aerospace company’s stock valued at $179,269,000 after purchasing an additional 43,559 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kratos Defense & Security Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock worth $80,978,000 after acquiring an additional 195,615 shares during the last quarter. FMR LLC grew its stake in shares of Kratos Defense & Security Solutions by 56.4% in the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after acquiring an additional 1,091,380 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $36,937,000. Finally, Cooper Creek Partners Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 74.2% during the third quarter. Cooper Creek Partners Management LLC now owns 2,413,270 shares of the aerospace company’s stock valued at $36,247,000 after purchasing an additional 1,027,715 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS traded up $0.34 during trading hours on Friday, hitting $21.54. The company’s stock had a trading volume of 806,634 shares, compared to its average volume of 1,267,053. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 82.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.47. The business has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $18.83. Kratos Defense & Security Solutions, Inc. has a 52-week low of $12.88 and a 52-week high of $22.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The firm had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the sale, the senior vice president now owns 90,713 shares of the company’s stock, valued at approximately $1,637,369.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Steven S. Fendley sold 25,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $21.44, for a total transaction of $536,000.00. Following the completion of the transaction, the insider now owns 398,160 shares of the company’s stock, valued at $8,536,550.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $18.05, for a total transaction of $27,075.00. Following the completion of the transaction, the senior vice president now owns 90,713 shares in the company, valued at $1,637,369.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,038 shares of company stock worth $1,337,339. 2.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on KTOS shares. Jefferies Financial Group decreased their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $20.00 to $27.00 in a report on Friday, April 26th. The Goldman Sachs Group lifted their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.14.

Kratos Defense & Security Solutions 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.