Waverly Advisors LLC lessened its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,087 shares of the aerospace company’s stock after selling 36,134 shares during the quarter. Waverly Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $4,591,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Kratos Defense & Security Solutions by 22.6% during the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after buying an additional 35,098 shares during the last quarter. Amundi bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $791,000. NewEdge Advisors LLC lifted its stake in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 515 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after acquiring an additional 41,265 shares during the period. Institutional investors own 75.92% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on KTOS shares. Jefferies Financial Group set a $105.00 target price on Kratos Defense & Security Solutions in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $99.00 to $82.00 in a research note on Friday, June 12th. Stifel Nicolaus reduced their price target on shares of Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. The Goldman Sachs Group decreased their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Finally, Wedbush began coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.
Insider Buying and Selling
In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $56.16, for a total transaction of $393,120.00. Following the transaction, the insider directly owned 288,111 shares in the company, valued at $16,180,313.76. This represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 26,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $63.25, for a total transaction of $1,676,125.00. Following the transaction, the insider directly owned 182,084 shares in the company, valued at $11,516,813. This trade represents a 12.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 389,688 shares of company stock valued at $24,397,492 over the last quarter. 1.50% of the stock is owned by company insiders.
Kratos Defense & Security Solutions Trading Up 0.5%
KTOS opened at $46.98 on Friday. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $52.19 and its two-hundred day moving average is $62.27. The company has a market capitalization of $8.82 billion, a P/E ratio of 276.35 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 52 week low of $43.09 and a 52 week high of $134.00.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $458.80 million during the quarter, compared to analysts’ expectations of $410.36 million. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.
Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.
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