Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lessened its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,412 shares of the aerospace company’s stock after selling 28,836 shares during the period. Kratos Defense & Security Solutions accounts for approximately 0.9% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 21st biggest position. EFG Asset Management North America Corp.’s holdings in Kratos Defense & Security Solutions were worth $6,891,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Kratos Defense & Security Solutions by 29.6% in the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after purchasing an additional 1,162,577 shares in the last quarter. ARK Investment Management LLC boosted its stake in Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after buying an additional 818,104 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company’s stock valued at $183,490,000 after buying an additional 301,135 shares in the last quarter. Invesco Ltd. increased its stake in shares of Kratos Defense & Security Solutions by 18.1% in the 2nd quarter. Invesco Ltd. now owns 2,837,005 shares of the aerospace company’s stock worth $131,779,000 after acquiring an additional 434,561 shares during the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 13.3% in the 2nd quarter. Hood River Capital Management LLC now owns 2,755,446 shares of the aerospace company’s stock worth $127,990,000 after acquiring an additional 324,140 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $111.32 on Tuesday. The company’s 50 day simple moving average is $87.62 and its 200-day simple moving average is $79.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. Kratos Defense & Security Solutions, Inc. has a 1 year low of $23.90 and a 1 year high of $134.00. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 856.37 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KTOS shares. Truist Financial set a $135.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, January 9th. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. Piper Sandler initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price target for the company. JMP Securities lifted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, October 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insiders Place Their Bets

In related news, Director Scot B. Jarvis sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $120.18, for a total transaction of $600,900.00. Following the completion of the transaction, the director directly owned 105,417 shares in the company, valued at $12,669,015.06. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,676 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $120.18, for a total value of $201,421.68. Following the completion of the transaction, the senior vice president directly owned 63,393 shares of the company’s stock, valued at approximately $7,618,570.74. This represents a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 904,815 shares of company stock valued at $73,587,741. Insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

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.