Amova Asset Management Americas Inc. Sells 137,350 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Amova Asset Management Americas Inc. lessened its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 10.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,144,337 shares of the aerospace company’s stock after selling 137,350 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Kratos Defense & Security Solutions were worth $80,664,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KTOS. Greenleaf Trust boosted its holdings in shares of Kratos Defense & Security Solutions by 2.7% in the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after buying an additional 100 shares in the last quarter. LVW Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 3.0% during the 4th quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock worth $278,000 after acquiring an additional 107 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Kratos Defense & Security Solutions by 7.3% during the 4th quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 115 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Kratos Defense & Security Solutions by 2.1% during the fourth quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock valued at $449,000 after acquiring an additional 122 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Kratos Defense & Security Solutions by 6.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock valued at $148,000 after acquiring an additional 125 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 285,405 shares in the company, valued at $15,083,654.25. This trade represents a 1.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $50.45, for a total transaction of $201,800.00. Following the completion of the sale, the insider directly owned 66,238 shares of the company’s stock, valued at approximately $3,341,707.10. The trade was a 5.69% 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. Over the last three months, insiders sold 148,036 shares of company stock worth $8,455,857. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on KTOS. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $99.00 to $82.00 in a report on Friday, June 12th. BNP Paribas Exane boosted their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. UBS Group restated a “neutral” rating and set a $82.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Finally, Wedbush started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Kratos Defense & Security Solutions Trading Down 0.2%

Shares of Kratos Defense & Security Solutions stock opened at $45.94 on Tuesday. The stock has a market cap of $8.61 billion, a PE ratio of 270.24 and a beta of 1.07. The firm has a fifty day moving average price of $54.04 and a 200 day moving average price of $75.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. Kratos Defense & Security Solutions, Inc. has a 1 year low of $45.58 and a 1 year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $345.00 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current year.

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.