Managed Asset Portfolios LLC Boosts Stock Position in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

Managed Asset Portfolios LLC raised its position in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 961,096 shares of the aerospace company’s stock after purchasing an additional 17,800 shares during the quarter. Kratos Defense & Security Solutions accounts for 3.9% of Managed Asset Portfolios LLC’s portfolio, making the stock its 14th largest position. Managed Asset Portfolios LLC owned approximately 0.91% of Kratos Defense & Security Solutions worth $17,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Usca Ria LLC purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $28,000. Marshall Wace LLP purchased a new position in Kratos Defense & Security Solutions during the first quarter worth approximately $35,000. Bartlett & Co. LLC purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $56,000. Truvestments Capital LLC boosted its position in Kratos Defense & Security Solutions by 570.0% during the third quarter. Truvestments Capital LLC now owns 3,350 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 2,850 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $66,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

In related news, CFO Deanna H. Lund sold 7,803 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $19.30, for a total value of $150,597.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Carter sold 14,720 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $19.80, for a total value of $291,456.00. The disclosure for this sale can be found here. 15.54% of the stock is currently owned by company insiders.

Shares of Kratos Defense & Security Solutions stock traded up $0.03 during mid-day trading on Friday, reaching $19.78. 1,910,688 shares of the stock traded hands, compared to its average volume of 1,236,806. The business has a 50-day moving average of $18.91 and a 200 day moving average of $20.24. Kratos Defense & Security Solutions, Inc has a fifty-two week low of $12.31 and a fifty-two week high of $25.08. The stock has a market capitalization of $1.90 billion, a PE ratio of 116.35, a PEG ratio of 10.41 and a beta of 1.26. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, November 5th. The aerospace company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Kratos Defense & Security Solutions had a return on equity of 4.59% and a net margin of 2.04%. The business had revenue of $184.10 million during the quarter, compared to analysts’ expectations of $184.32 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc will post 0.23 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Canaccord Genuity set a $28.00 price target on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research report on Friday, October 11th. ValuEngine cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird set a $25.00 target price on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $26.00 in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.75.

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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