SG Americas Securities LLC Raises Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

SG Americas Securities LLC boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 152.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,486 shares of the aerospace company’s stock after buying an additional 55,241 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Kratos Defense & Security Solutions worth $6,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in shares of Kratos Defense & Security Solutions by 1,389.0% during the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after acquiring an additional 2,525,921 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at $91,901,000. First Trust Advisors LP boosted its holdings in Kratos Defense & Security Solutions by 29.5% in the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after acquiring an additional 698,778 shares in the last quarter. Seven Grand Managers LLC purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at $23,225,000. Finally, Sapient Capital LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $41,401,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, Director Scott I. Anderson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $89.11, for a total value of $1,336,650.00. Following the sale, the director owned 51,334 shares in the company, valued at $4,574,372.74. This represents a 22.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Eric M. Demarco sold 191,699 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $90.28, for a total value of $17,306,585.72. Following the transaction, the chief executive officer directly owned 687,117 shares of the company’s stock, valued at approximately $62,032,922.76. This trade represents a 21.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 373,500 shares of company stock valued at $34,826,678. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $70.51 on Wednesday. The company’s fifty day moving average price is $92.50 and its 200-day moving average price is $88.16. The stock has a market cap of $13.21 billion, a PE ratio of 542.43 and a beta of 1.12. The company has a current ratio of 4.06, a quick ratio of 3.46 and a debt-to-equity ratio of 0.05. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company had revenue of $345.10 million during the quarter, compared to analyst estimates of $327.51 million. During the same period last year, the business earned $0.13 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on KTOS. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Canaccord Genuity Group increased their price target on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, UBS Group started coverage on Kratos Defense & Security Solutions in a report on Wednesday, February 18th. They set a “neutral” rating and a $79.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.28.

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.