Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 19.0% in the third quarter, Holdings Channel.com reports. The fund owned 1,501,587 shares of the aerospace company’s stock after selling 351,662 shares during the period. Voya Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $137,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC increased its stake in Kratos Defense & Security Solutions by 42.0% during the third quarter. Fiduciary Alliance LLC now owns 18,471 shares of the aerospace company’s stock valued at $1,688,000 after purchasing an additional 5,461 shares during the last quarter. RDA Financial Network bought a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth about $370,000. Wedmont Private Capital acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $196,000. Grove Bank & Trust grew its position in shares of Kratos Defense & Security Solutions by 300.0% during the 3rd quarter. Grove Bank & Trust now owns 1,000 shares of the aerospace company’s stock valued at $91,000 after buying an additional 750 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Kratos Defense & Security Solutions by 34.2% during the third quarter. GAMMA Investing LLC now owns 3,614 shares of the aerospace company’s stock worth $330,000 after acquiring an additional 922 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In other news, Director William A. Hoglund sold 75,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.35, for a total value of $5,576,250.00. Following the completion of the transaction, the director directly owned 147,193 shares in the company, valued at $10,943,799.55. This trade represents a 33.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonah Adelman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total value of $2,244,000.00. Following the sale, the insider directly owned 9,348 shares in the company, valued at approximately $699,230.40. The trade was a 76.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 464,162 shares of company stock worth $35,119,179 over the last ninety days. Insiders own 2.37% of the company’s stock.

Analysts Set New Price Targets

KTOS has been the subject of a number of research reports. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, October 2nd. KeyCorp initiated coverage on Kratos Defense & Security Solutions in a report on Thursday. They issued an “overweight” rating and a $90.00 price target on the stock. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One 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, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Kratos Defense & Security Solutions Stock Up 2.3%

KTOS opened at $71.40 on Friday. The stock’s 50 day moving average price is $79.93 and its 200 day moving average price is $67.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The stock has a market cap of $12.06 billion, a P/E ratio of 549.27 and a beta of 1.14. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) 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 company had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.