Van ECK Associates Corp lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,632,388 shares of the aerospace company’s stock after selling 182,686 shares during the quarter. Van ECK Associates Corp’s holdings in Kratos Defense & Security Solutions were worth $199,825,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Kratos Defense & Security Solutions by 245.2% during the 4th quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock worth $45,673,000 after purchasing an additional 427,396 shares in the last quarter. M&T Bank Corp boosted its stake in Kratos Defense & Security Solutions by 6,900.4% in the 4th quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock valued at $13,423,000 after buying an additional 174,305 shares in the last quarter. New Age Alpha Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 435.1% in the 4th quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock valued at $3,265,000 after buying an additional 34,973 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $21,013,000. Finally, JPMorgan Chase & Co. boosted its stake in Kratos Defense & Security Solutions by 93.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock valued at $88,170,000 after buying an additional 465,100 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $63.74, for a total value of $318,700.00. Following the completion of the sale, the chief financial officer owned 290,161 shares in the company, valued at approximately $18,494,862.14. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total value of $1,788,716.88. Following the completion of the sale, the insider owned 8,000 shares of the company’s stock, valued at $456,480. This represents a 79.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 217,564 shares of company stock valued at $14,576,994 in the last ninety days. 1.50% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Price Performance
Shares of KTOS stock opened at $57.75 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $39.00 and a 52-week high of $134.00. The stock has a market cap of $10.83 billion, a PE ratio of 339.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The firm’s 50 day moving average price is $62.36 and its two-hundred day moving average price is $80.13.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.
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.
Read More
- Five stocks we like better than Kratos Defense & Security Solutions
- TJX: Retail’s Apex Predator Feasts on Inflation
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report).
Receive News & Ratings for Kratos Defense & Security Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
