Bleakley Financial Group LLC Trims Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Bleakley Financial Group LLC lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 40.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,106 shares of the aerospace company’s stock after selling 8,254 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kratos Defense & Security Solutions were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of KTOS. Atlantic Union Bankshares Corp grew its holdings in 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 during the period. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth about $31,000. Caitlin John LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth about $32,000. Accredited Wealth Management LLC grew its holdings in Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 269 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KTOS. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Royal Bank Of Canada cut their price objective 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. UBS Group restated a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Citizens Jmp cut their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. Finally, BTIG Research cut 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 report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $96.28.

Kratos Defense & Security Solutions News Summary

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

Insider Transactions at Kratos Defense & Security Solutions

In other news, Director Scott I. Anderson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $89.11, for a total value of $1,336,650.00. Following the transaction, the director owned 51,334 shares in the company, valued at approximately $4,574,372.74. This represents a 22.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonah Adelman sold 31,348 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the transaction, the insider owned 8,000 shares in the company, valued at approximately $456,480. This trade represents a 79.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 199,388 shares of company stock valued at $14,283,667. 1.50% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Trading Down 1.6%

Shares of NASDAQ KTOS opened at $64.13 on Friday. The firm’s 50 day moving average price is $65.91 and its 200-day moving average price is $81.05. The company has a market cap of $12.03 billion, a PE ratio of 377.24 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 52-week low of $35.88 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 issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 2.08% and a return on equity of 2.82%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

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.