Clear Street Group Inc. increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 126.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,597 shares of the aerospace company’s stock after buying an additional 56,081 shares during the quarter. Clear Street Group Inc.’s holdings in Kratos Defense & Security Solutions were worth $7,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Greenleaf Trust increased its stake in shares of Kratos Defense & Security Solutions by 2.7% in the fourth quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after buying an additional 100 shares during the period. LVW Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 3.0% in the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after buying an additional 107 shares during the period. CENTRAL TRUST Co increased its stake in shares of Kratos Defense & Security Solutions by 7.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after buying an additional 115 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Kratos Defense & Security Solutions by 2.1% in the fourth quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock valued at $449,000 after buying an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock valued at $148,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.
Insider Activity at Kratos Defense & Security Solutions
In related news, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $65.47, for a total transaction of $261,880.00. Following the transaction, the insider directly owned 13,896 shares of the company’s stock, valued at approximately $909,771.12. This represents a 22.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $58.23, for a total value of $2,038,050.00. Following the transaction, the insider directly owned 309,087 shares in the company, valued at approximately $17,998,136.01. This trade represents a 10.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 217,564 shares of company stock worth $14,576,994. Corporate insiders own 1.50% of the company’s stock.
Kratos Defense & Security Solutions Stock Performance
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share 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 net margin of 2.08% and a return on equity of 2.82%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on KTOS. Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. BTIG Research lowered their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Citizens Jmp lowered their price objective 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. BNP Paribas Exane upped their price objective on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada decreased their target price on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.17.
Read Our Latest Report on Kratos Defense & Security Solutions
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.
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