Kratos Defense & Security Solutions, Inc. $KTOS Holdings Reduced by Profit Investment Management LLC

Profit Investment Management LLC trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 63.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,536 shares of the aerospace company’s stock after selling 69,302 shares during the quarter. Kratos Defense & Security Solutions makes up approximately 4.7% of Profit Investment Management LLC’s holdings, making the stock its biggest position. Profit Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $3,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $51,000. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth $31,000. TD Waterhouse Canada Inc. purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth $30,000. Farther Finance Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 129.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 503 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at about $45,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 5.6%

Shares of NASDAQ KTOS opened at $75.39 on Monday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $23.90 and a 1 year high of $112.57. The firm has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $68.52. The company has a market cap of $12.73 billion, a P/E ratio of 579.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KTOS. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the company from $72.00 to $105.00 in a research note on Wednesday, October 8th. BNP Paribas Exane assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. They set a “neutral” rating and a $80.00 price objective on the stock. KeyCorp initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Thursday. They issued an “overweight” rating and a $90.00 price target on the stock. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Finally, Canaccord Genuity Group boosted their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 8,549 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $71.45, for a total value of $610,826.05. Following the completion of the sale, the insider directly owned 30,283 shares of the company’s stock, valued at $2,163,720.35. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott I. Anderson sold 15,401 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $74.51, for a total transaction of $1,147,528.51. Following the transaction, the director directly owned 66,334 shares in the company, valued at approximately $4,942,546.34. This trade represents a 18.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 472,711 shares of company stock valued at $35,730,005. Insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

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.