Hilltop Holdings Inc. lowered its holdings in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,350 shares of the aerospace company’s stock after selling 1,700 shares during the quarter. Hilltop Holdings Inc.’s holdings in Kratos Defense & Security Solutions were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth $239,000. Blueshift Asset Management LLC purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $502,000. Bank of America Corp DE increased its position in Kratos Defense & Security Solutions by 113.9% in the fourth quarter. Bank of America Corp DE now owns 384,206 shares of the aerospace company’s stock worth $6,919,000 after buying an additional 204,578 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Kratos Defense & Security Solutions by 19.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 92,181 shares of the aerospace company’s stock worth $1,660,000 after buying an additional 14,895 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Kratos Defense & Security Solutions by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 430,154 shares of the aerospace company’s stock worth $7,747,000 after buying an additional 22,270 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on KTOS shares. Canaccord Genuity cut their price objective on Kratos Defense & Security Solutions from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. BidaskClub cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. JPMorgan Chase & Co. decreased their price objective on shares of Kratos Defense & Security Solutions from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. B. Riley lowered their target price on shares of Kratos Defense & Security Solutions from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Finally, Benchmark began coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, March 18th. They issued a “buy” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.78.

Shares of KTOS opened at $13.04 on Thursday. The firm has a market cap of $1.32 billion, a P/E ratio of 108.68 and a beta of 1.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.86 and a quick ratio of 2.52. Kratos Defense & Security Solutions, Inc has a 1 year low of $5.00 and a 1 year high of $25.08. The company has a 50 day simple moving average of $16.39 and a two-hundred day simple moving average of $18.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Monday, February 24th. The aerospace company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The company had revenue of $185.10 million for the quarter, compared to the consensus estimate of $197.92 million. Kratos Defense & Security Solutions had a return on equity of 4.39% and a net margin of 1.74%. Kratos Defense & Security Solutions’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.28 earnings per share for the current year.

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,350 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $19.54, for a total value of $65,459.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 7,803 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $19.62, for a total value of $153,094.86. The disclosure for this sale can be found here. In the last three months, insiders have acquired 16,180 shares of company stock valued at $201,039 and have sold 22,306 shares valued at $447,837. 15.54% of the stock is owned by corporate insiders.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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