Sei Investments Co. Acquires 142,000 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Sei Investments Co. boosted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 33.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 570,631 shares of the aerospace company’s stock after buying an additional 142,000 shares during the quarter. Sei Investments Co.’s holdings in Kratos Defense & Security Solutions were worth $40,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KTOS. Royal Bank of Canada lifted its holdings in Kratos Defense & Security Solutions by 22.6% in the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after acquiring an additional 35,098 shares during the period. Amundi bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at approximately $791,000. NewEdge Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after buying an additional 515 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Kratos Defense & Security Solutions by 178.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kratos Defense & Security Solutions by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock worth $11,686,000 after buying an additional 41,265 shares during the period. 75.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 17th. Canaccord Genuity Group lifted their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BTIG Research dropped their target price on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 7th. The Goldman Sachs Group decreased their price target on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Finally, BNP Paribas Exane boosted their price objective on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $47.35 on Monday. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 278.53 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 1 year low of $45.58 and a 1 year high of $134.00. The business’s 50 day simple moving average is $53.57 and its 200-day simple moving average is $74.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. As a group, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $50.45, for a total transaction of $201,800.00. Following the sale, the insider owned 66,238 shares in the company, valued at approximately $3,341,707.10. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $57.93, for a total transaction of $86,895.00. Following the transaction, the senior vice president owned 64,447 shares in the company, valued at approximately $3,733,414.71. This trade represents a 2.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 141,036 shares of company stock valued at $8,024,377. Insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.