Captrust Financial Advisors Trims Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Captrust Financial Advisors trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,553 shares of the aerospace company’s stock after selling 1,428 shares during the quarter. Captrust Financial Advisors’ holdings in Kratos Defense & Security Solutions were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KTOS. Barclays PLC grew its holdings in Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after acquiring an additional 192,667 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 34.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,742 shares of the aerospace company’s stock worth $864,000 after purchasing an additional 8,447 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $132,000. SG Americas Securities LLC lifted its stake in shares of Kratos Defense & Security Solutions by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 11,172 shares of the aerospace company’s stock valued at $295,000 after purchasing an additional 3,195 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $3,186,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KTOS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Royal Bank of Canada boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Kratos Defense & Security Solutions Stock Down 0.2%

KTOS stock opened at $35.13 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $32.49 and a two-hundred day moving average of $29.78. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $36.85. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 351.34 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the sale, the insider now directly owns 370,660 shares of the company’s stock, valued at approximately $9,114,529.40. The trade was a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonah Adelman sold 40,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the sale, the insider now directly owns 39,348 shares of the company’s stock, valued at $1,328,388.48. The trade was a 50.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,817 shares of company stock worth $4,007,207. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.