Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stake Boosted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,531,476 shares of the aerospace company’s stock after purchasing an additional 19,104 shares during the period. Westwood Holdings Group Inc. owned 1.68% of Kratos Defense & Security Solutions worth $50,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Arkadios Wealth Advisors grew its position in Kratos Defense & Security Solutions by 0.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after purchasing an additional 500 shares during the last quarter. Register Financial Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 0.4% in the 1st quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock worth $3,503,000 after buying an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Kratos Defense & Security Solutions by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after acquiring an additional 982 shares during the period. Rhumbline Advisers raised its stake in Kratos Defense & Security Solutions by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock valued at $4,603,000 after acquiring an additional 1,092 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its position in Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,208 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 0.5 %

Shares of NASDAQ KTOS opened at $22.91 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $24.08. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 70.09 and a beta of 1.02. The business has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $20.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate 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 company had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. During the same period last year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 directly owns 63,393 shares in the company, valued at $1,272,297.51. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric M. Demarco acquired 12,396 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the purchase, the chief executive officer now owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The disclosure for this purchase can be found here. In the last three months, insiders have sold 76,210 shares of company stock worth $1,652,702. Corporate insiders own 2.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KTOS. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price target for the company. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.50.

About Kratos Defense & Security Solutions

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.