Mitsubishi UFJ Asset Management Co. Ltd. Lowers Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,040 shares of the aerospace company’s stock after selling 9,447 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Kratos Defense & Security Solutions were worth $648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Kratos Defense & Security Solutions by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,935,354 shares of the aerospace company’s stock valued at $179,269,000 after acquiring an additional 43,559 shares during the period. 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 valued at $80,978,000 after acquiring an additional 195,615 shares during the period. FMR LLC boosted its holdings in Kratos Defense & Security Solutions by 56.4% during the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after acquiring an additional 1,091,380 shares during the period. Loomis Sayles & Co. L P purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $36,937,000. Finally, Cooper Creek Partners Management LLC boosted its holdings in Kratos Defense & Security Solutions by 74.2% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,413,270 shares of the aerospace company’s stock valued at $36,247,000 after acquiring an additional 1,027,715 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Up 0.3 %

KTOS opened at $21.70 on Wednesday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 83.23 and a beta of 0.81. Kratos Defense & Security Solutions, Inc. has a 52 week low of $12.88 and a 52 week high of $22.04. The business’s 50 day moving average is $18.37 and its two-hundred day moving average is $18.71. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14.

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

Insider Activity

In other news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $20.20, for a total value of $30,300.00. Following the transaction, the senior vice president now owns 65,515 shares of the company’s stock, valued at $1,323,403. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $20.20, for a total value of $30,300.00. Following the transaction, the senior vice president now owns 65,515 shares of the company’s stock, valued at $1,323,403. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $18.24, for a total value of $127,680.00. Following the completion of the sale, the insider now owns 345,711 shares in the company, valued at $6,305,768.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,038 shares of company stock valued at $801,339. Company insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kratos Defense & Security Solutions Company 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.