Silver Oak Securities Incorporated Sells 18,978 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Silver Oak Securities Incorporated lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 80.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,480 shares of the aerospace company’s stock after selling 18,978 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Kratos Defense & Security Solutions were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KTOS. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp increased 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 valued at $29,000 after purchasing an additional 380 shares during the period. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter worth $31,000. Caitlin John LLC bought a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth about $32,000. Finally, Murphy & Mullick Capital Management Corp lifted its stake in Kratos Defense & Security Solutions by 115.4% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after buying an additional 225 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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 research report on Friday, May 8th. Canaccord Genuity Group boosted their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BTIG Research reduced their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $101.35.

Insider Transactions at Kratos Defense & Security Solutions

In related news, 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 transaction of $2,171,295.00. Following the transaction, the director owned 252,500 shares of the company’s stock, valued at approximately $17,975,475. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $74.72, for a total value of $485,680.00. Following the completion of the transaction, the insider owned 227,898 shares in the company, valued at approximately $17,028,538.56. This represents a 2.77% decrease in their position. 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 180,278 shares of company stock worth $11,243,918. Company insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $47.21 on Monday. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 277.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The firm has a fifty day moving average price of $58.47 and a two-hundred day moving average price of $78.55. Kratos Defense & Security Solutions, Inc. has a one year low of $41.75 and a one year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating 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 firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current fiscal year.

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.