Bard Associates Inc. Sells 11,060 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Bard Associates Inc. reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,698 shares of the aerospace company’s stock after selling 11,060 shares during the period. Kratos Defense & Security Solutions makes up approximately 1.4% of Bard Associates Inc.’s holdings, making the stock its 21st largest holding. Bard Associates Inc.’s holdings in Kratos Defense & Security Solutions were worth $5,367,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp grew its position in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $31,000. Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $32,000. Murphy & Mullick Capital Management Corp grew its position in Kratos Defense & Security Solutions by 115.4% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 225 shares during the last quarter. Finally, Accredited Wealth Management LLC grew its position in Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 1.8%

Shares of KTOS opened at $57.75 on Friday. The firm has a market capitalization of $10.83 billion, a price-to-earnings 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 business’s fifty day moving average price is $62.36 and its two-hundred day moving average price is $80.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $39.00 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced 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 firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KTOS. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Royal Bank Of Canada decreased their price target on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Piper Sandler decreased their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating and set a $82.00 price target on shares of Kratos Defense & Security Solutions 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 assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 31,348 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the transaction, the insider directly owned 8,000 shares in the company, valued at approximately $456,480. This trade represents a 79.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William A. Hoglund sold 30,500 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $71.19, for a total value of $2,171,295.00. Following the completion of the transaction, the director owned 252,500 shares in the company, valued at $17,975,475. The trade was a 10.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders 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 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.