Hodges Capital Management Inc. Has $4.31 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hodges Capital Management Inc. lowered its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 163,345 shares of the aerospace company’s stock after selling 4,515 shares during the quarter. Hodges Capital Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $4,309,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC increased its stake in shares of Kratos Defense & Security Solutions by 49.3% in the 4th quarter. SteelPeak Wealth LLC now owns 37,445 shares of the aerospace company’s stock valued at $988,000 after buying an additional 12,373 shares during the period. Cornell Pochily Investment Advisors Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $207,000. KBC Group NV increased its position in Kratos Defense & Security Solutions by 25.5% in the fourth quarter. KBC Group NV now owns 6,386 shares of the aerospace company’s stock worth $168,000 after purchasing an additional 1,299 shares during the period. Register Financial Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 2.9% during the 4th quarter. Register Financial Advisors LLC now owns 194,754 shares of the aerospace company’s stock worth $5,138,000 after purchasing an additional 5,550 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its position in Kratos Defense & Security Solutions by 4.1% during the 4th quarter. Toth Financial Advisory Corp now owns 30,300 shares of the aerospace company’s stock valued at $799,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of NASDAQ:KTOS opened at $33.37 on Monday. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 333.73 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $35.66. The company’s fifty day simple moving average is $29.08 and its 200 day simple moving average is $25.21. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $275.90 million during the quarter, compared to analyst estimates of $278.47 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. During the same period in the prior year, the business earned $0.08 EPS. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $25.00, for a total transaction of $87,500.00. Following the sale, the insider now owns 265,499 shares in the company, valued at $6,637,475. This represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $33.16, for a total value of $232,120.00. Following the completion of the sale, the insider now directly owns 365,461 shares of the company’s stock, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,428 shares of company stock worth $2,496,096. Corporate insiders own 2.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KTOS shares. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.30.

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.