Sequoia Financial Advisors LLC Acquires 4,247 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sequoia Financial Advisors LLC lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,767 shares of the aerospace company’s stock after purchasing an additional 4,247 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of Kratos Defense & Security Solutions by 113.1% during the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after purchasing an additional 165,356 shares during the last quarter. Comerica Bank raised its stake in Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after acquiring an additional 42,817 shares during the period. Swiss National Bank raised its position in shares of Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock valued at $5,286,000 after purchasing an additional 33,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company’s stock valued at $246,824,000 after buying an additional 229,472 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Kratos Defense & Security Solutions by 272.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after buying an additional 316,500 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KTOS. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reissued a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $23.93 on Friday. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $23.23 and its 200-day simple moving average is $21.24. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 341.86 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.36 and a 12-month high of $25.91.

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

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the completion of the sale, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Eric M. Demarco bought 12,396 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $22.68, for a total transaction of $158,760.00. Following the completion of the sale, the insider now directly owns 377,322 shares in the company, valued at $8,557,662.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,091 shares of company stock worth $1,635,431 over the last three months. 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.