Captrust Financial Advisors Sells 1,428 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Captrust Financial Advisors cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Summit Investment Advisors Inc. increased its position in shares of Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 490 shares in the last quarter. MRP Capital Investments LLC increased its holdings in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Kratos Defense & Security Solutions by 1.4% in the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares during the last quarter. Finally, Hemington Wealth Management lifted its holdings in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 2,031 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $31.36, for a total transaction of $63,692.16. Following the sale, the senior vice president now directly owns 69,288 shares of the company’s stock, valued at $2,172,871.68. The trade was a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $33.73, for a total value of $202,380.00. Following the completion of the transaction, the insider now owns 282,084 shares of the company’s stock, valued at $9,514,693.32. This trade represents a 2.08% decrease in their position. 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. 2.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KTOS shares. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 10th. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Benchmark raised their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

Kratos Defense & Security Solutions Trading Down 0.2%

Shares of Kratos Defense & Security Solutions stock opened at $35.13 on Tuesday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $36.85. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $32.49 and a 200-day moving average price of $29.78. The firm 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 issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

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.