Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 281,067 shares of the aerospace company’s stock after selling 13,894 shares during the quarter. Legal & General Group Plc owned about 0.17% of Kratos Defense & Security Solutions worth $21,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC increased its holdings 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 worth $3,265,000 after buying an additional 34,973 shares during the period. Hantz Financial Services Inc. increased its holdings in Kratos Defense & Security Solutions by 159.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,284 shares of the aerospace company’s stock worth $173,000 after buying an additional 1,404 shares during the period. Darden Wealth Group Inc acquired a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $326,000. EverSource Wealth Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 257.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 787 shares of the aerospace company’s stock worth $60,000 after buying an additional 567 shares during the period. Finally, Americana Partners LLC increased its holdings in Kratos Defense & Security Solutions by 8.8% in the 4th quarter. Americana Partners LLC now owns 11,207 shares of the aerospace company’s stock worth $851,000 after buying an additional 911 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $64.13 on Monday. The firm has a market cap of $12.03 billion, a P/E ratio of 377.24 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 12 month low of $35.88 and a 12 month high of $134.00. The stock’s 50 day moving average is $65.91 and its two-hundred day moving average is $81.06. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions News Roundup

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Reports that the U.S. government may fund or take equity stakes in domestic drone makers have raised hopes that Kratos could benefit from stronger demand, policy support, and a more favorable growth outlook. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: Heavy call-option buying suggests traders are positioning for additional upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman. While the sales can pressure sentiment, at least one was made under a pre-arranged 10b5-1 plan and does not necessarily indicate a change in fundamentals. Jonah Adelman insider sale details

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, BTIG Research dropped their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.28.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $69.59, for a total transaction of $487,130.00. Following the completion of the transaction, the insider directly owned 358,023 shares in the company, valued at approximately $24,914,820.57. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William A. Hoglund sold 30,500 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $71.19, for a total transaction of $2,171,295.00. Following the transaction, the director owned 252,500 shares of the company’s stock, valued at $17,975,475. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 188,630 shares of company stock valued at $13,301,792 in the last three months. Company insiders own 1.50% of the company’s stock.

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.