Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 37.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,896 shares of the aerospace company’s stock after selling 11,209 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kratos Defense & Security Solutions were worth $383,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 192.7% during the third quarter. SG Americas Securities LLC now owns 80,155 shares of the aerospace company’s stock valued at $1,204,000 after purchasing an additional 52,773 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 6.4% during the third quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 808 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 55.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 114,507 shares of the aerospace company’s stock valued at $1,720,000 after purchasing an additional 40,798 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 39.1% during the third quarter. Bank of New York Mellon Corp now owns 1,550,673 shares of the aerospace company’s stock valued at $23,291,000 after purchasing an additional 435,654 shares during the last quarter. Finally, Mastrapasqua Asset Management Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at $914,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $17.84 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $21.60. The stock’s 50-day moving average is $18.30 and its two-hundred day moving average is $18.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The company had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. During the same period in the prior year, the firm posted $0.03 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KTOS. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. The Goldman Sachs Group increased their price objective on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Jefferies Financial Group reduced their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Benchmark increased their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Truist Financial increased their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $21.14.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $17.34, for a total value of $121,380.00. Following the transaction, the insider now directly owns 352,641 shares of the company’s stock, valued at approximately $6,114,794.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $17.34, for a total value of $121,380.00. Following the transaction, the insider now directly owns 352,641 shares of the company’s stock, valued at approximately $6,114,794.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now directly owns 214,765 shares in the company, valued at approximately $4,295,300. The disclosure for this sale can be found here. Insiders have sold a total of 41,538 shares of company stock valued at $763,479 in the last three months. Insiders own 2.27% of the company’s stock.

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.