Kratos Defense & Security Solutions, Inc. $KTOS Holdings Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 29.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,228 shares of the aerospace company’s stock after selling 13,166 shares during the period. D.A. Davidson & CO.’s holdings in Kratos Defense & Security Solutions were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Mcguire Capital Advisors Inc. purchased a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $25,000. Atlantic Union Bankshares Corp lifted its position in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 115.4% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 225 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $37,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wedbush initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They set an “outperform” rating and a $85.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group decreased their target price on shares of Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating and set a $80.00 price target on shares of Kratos Defense & Security Solutions in a report on Wednesday, July 8th. Finally, Citizens Jmp dropped their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. 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 stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Kratos Defense & Security Solutions Trading Down 0.2%

Shares of NASDAQ KTOS opened at $45.94 on Tuesday. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 270.24 and a beta of 1.07. The business has a 50 day simple moving average of $54.04 and a 200 day simple moving average of $75.53. Kratos Defense & Security Solutions, Inc. has a 52 week low of $45.58 and a 52 week high of $134.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $50.45, for a total value of $201,800.00. Following the completion of the sale, the insider directly owned 66,238 shares in the company, valued at approximately $3,341,707.10. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $52.85, for a total transaction of $264,250.00. Following the sale, the chief financial officer directly owned 285,405 shares of the company’s stock, valued at approximately $15,083,654.25. This represents a 1.72% 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. Over the last three months, insiders sold 148,036 shares of company stock valued at $8,455,857. 1.50% of the stock is owned by company insiders.

Kratos Defense & Security Solutions 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.