SG Americas Securities LLC Sells 4,936 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SG Americas Securities LLC lessened its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 38.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,977 shares of the aerospace company’s stock after selling 4,936 shares during the period. SG Americas Securities LLC’s holdings in Kratos Defense & Security Solutions were worth $186,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the business. Westwood Holdings Group Inc. purchased a new position in Kratos Defense & Security Solutions during the 1st quarter worth $46,177,000. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 108.7% during the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after buying an additional 1,331,499 shares in the last quarter. Element Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $11,198,000. Finally, Bamco Inc. NY increased its position in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after acquiring an additional 511,538 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

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

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

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the transaction, the insider now owns 377,322 shares of the company’s stock, valued at approximately $8,557,662.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction 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 sale, the insider now owns 377,322 shares of the company’s stock, valued at approximately $8,557,662.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the company’s 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 in the company, valued at $1,272,297.51. This represents 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 three months. Company insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KTOS shares. BTIG Research began coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Robert W. Baird boosted 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 report on Monday, September 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Truist Financial reiterated a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, Benchmark restated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Four research 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 stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $25.00.

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.