Rice Hall James & Associates LLC Has $3.67 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rice Hall James & Associates LLC decreased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,606 shares of the aerospace company’s stock after selling 1,751 shares during the period. Rice Hall James & Associates LLC’s holdings in Kratos Defense & Security Solutions were worth $3,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KTOS. Contravisory Investment Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares during the period. MFA Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. PNC Financial Services Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,226 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at about $36,000. Finally, EntryPoint Capital LLC grew its stake in Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 1,506 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $22.87 on Friday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 326.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $25.91. The firm’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $21.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The company had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on KTOS shares. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $24.00 to $26.00 in a research report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.10.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the insider now directly owns 51,063 shares in the company, valued at approximately $1,172,406.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,091 shares of company stock valued at $1,739,101 in the last three months. 2.27% of the stock is currently owned by insiders.

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.