Vontobel Holding Ltd. Decreases Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Vontobel Holding Ltd. lowered its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 20.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,516 shares of the aerospace company’s stock after selling 2,518 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kratos Defense & Security Solutions were worth $222,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 14.9% in 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 during the last quarter. Bamco Inc. NY boosted its position in Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kratos Defense & Security Solutions by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after purchasing an additional 136,696 shares during the period. Hood River Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 5.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 0.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock worth $50,655,000 after purchasing an additional 19,104 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 1.2 %

Kratos Defense & Security Solutions stock opened at $24.01 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The firm’s 50 day moving average price is $23.15 and its 200-day moving average price is $21.22. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.36 and a 1 year high of $25.91. The stock has a market cap of $3.60 billion, a P/E ratio of 343.00 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent research reports. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research 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 note on Tuesday, October 1st. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $24.96, for a total value of $33,820.80. Following the sale, the senior vice president now owns 58,085 shares in the company, valued at approximately $1,449,801.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Thomas E. Iv Mills sold 6,603 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the sale, the insider now directly owns 23,848 shares of the company’s stock, valued at $593,338.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $24.96, for a total value of $33,820.80. Following the transaction, the senior vice president now directly owns 58,085 shares in the company, valued at approximately $1,449,801.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,091 shares of company stock worth $1,635,431. Corporate 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.