Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Holdings Lowered by Emerald Advisers LLC

Emerald Advisers LLC cut its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,764,290 shares of the aerospace company’s stock after selling 66,258 shares during the quarter. Kratos Defense & Security Solutions comprises 1.5% of Emerald Advisers LLC’s holdings, making the stock its 16th biggest position. Emerald Advisers LLC’s holdings in Kratos Defense & Security Solutions were worth $35,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC boosted its position in shares of Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares during the period. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $30,000. PNC Financial Services Group Inc. boosted its position in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares during the period. NBC Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the first quarter worth $33,000. Finally, EntryPoint Capital LLC increased its holdings in shares of Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 1,506 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KTOS. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. JMP Securities began coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price for the company. Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.50.

Kratos Defense & Security Solutions Trading Down 3.4 %

NASDAQ:KTOS opened at $21.09 on Friday. The stock has a fifty day simple moving average of $21.31 and a 200 day simple moving average of $19.89. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 68.53 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.98 and a 1-year high of $23.23. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its 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. The company had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Eric M. Demarco purchased 12,396 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now owns 1,058,264 shares of the company’s stock, valued at approximately $21,366,350.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,355 shares of company stock worth $1,545,240. 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.