51,568 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 51,568 shares of the aerospace company’s stock, valued at approximately $3,636,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenleaf Trust increased 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 worth $291,000 after buying an additional 100 shares during the last quarter. LVW Advisors LLC lifted its holdings 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 during the last quarter. CENTRAL TRUST Co grew its position in Kratos Defense & Security Solutions by 7.3% in the fourth 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 grew its position in Kratos Defense & Security Solutions by 2.1% in the fourth quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock worth $449,000 after acquiring an additional 122 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Kratos Defense & Security Solutions by 6.9% in 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $52.85, for a total value of $264,250.00. Following the completion of the transaction, the chief financial officer directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,675 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $50.00, for a total transaction of $233,750.00. Following the completion of the transaction, the insider owned 9,600 shares of the company’s stock, valued at approximately $480,000. The trade was a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 148,036 shares of company stock worth $8,455,857. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of a number of research reports. The Goldman Sachs Group decreased their price objective on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday. Wedbush initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They set an “outperform” rating and a $85.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Piper Sandler cut their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.29.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $46.03 on Friday. 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 one year low of $45.58 and a one year high of $134.00. The business’s 50 day simple moving average is $54.26 and its two-hundred day simple moving average is $75.76. The stock has a market capitalization of $8.63 billion, a P/E ratio of 270.76 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current year.

Kratos Defense & Security Solutions Company 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.