Lisanti Capital Growth LLC Sells 59,540 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Lisanti Capital Growth LLC decreased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 48.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 62,300 shares of the aerospace company’s stock after selling 59,540 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Kratos Defense & Security Solutions were worth $4,729,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KTOS. Atlantic Union Bankshares Corp boosted its stake in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the period. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth about $31,000. Caitlin John LLC bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $32,000. Accredited Wealth Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares during the period. Finally, Whittier Trust Co. bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $38,000. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,013 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $53.49, for a total transaction of $54,185.37. Following the sale, the senior vice president directly owned 65,996 shares in the company, valued at $3,530,126.04. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $52.13, for a total value of $338,845.00. Following the sale, the insider owned 221,550 shares in the company, valued at approximately $11,549,401.50. This trade represents a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 170,540 shares of company stock valued at $13,138,275. Corporate insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $56.18 on Friday. The stock has a 50 day moving average of $69.02 and a 200 day moving average of $81.82. Kratos Defense & Security Solutions, Inc. has a 12 month low of $34.97 and a 12 month high of $134.00. The firm has a market cap of $10.53 billion, a PE ratio of 330.47 and a beta of 1.06. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KTOS. Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada dropped their price target on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Citizens Jmp dropped their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Finally, Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.28.

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.