Vontobel Holding Ltd. Reduces Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Vontobel Holding Ltd. trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 20.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,516 shares of the aerospace company’s stock after selling 2,518 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kratos Defense & Security Solutions were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. grew its holdings in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Kratos Defense & Security Solutions by 0.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after purchasing an additional 500 shares during the period. Register Financial Advisors LLC raised its position in Kratos Defense & Security Solutions by 0.4% during the 1st quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after purchasing an additional 750 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Kratos Defense & Security Solutions by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 982 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Kratos Defense & Security Solutions by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after buying an additional 1,092 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $22.68, for a total transaction of $158,760.00. Following the completion of the transaction, the insider now owns 377,322 shares of the company’s stock, valued at approximately $8,557,662.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,091 shares of company stock valued at $1,635,431 in the last 90 days. Corporate insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KTOS. Truist Financial reissued a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $25.00.

Kratos Defense & Security Solutions Stock Down 1.2 %

Shares of Kratos Defense & Security Solutions stock opened at $24.01 on Thursday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.36 and a 1 year high of $25.91. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 343.00 and a beta of 1.02. The company has a 50-day moving average of $23.15 and a 200 day moving average of $21.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.