Waverly Advisors LLC Decreases Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Waverly Advisors LLC lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 28.2% during the second quarter, Holdings Channel.com reports. The firm owned 92,087 shares of the aerospace company’s stock after selling 36,134 shares during the quarter. Waverly Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $4,591,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KTOS. Royal Bank of Canada lifted its position in shares of Kratos Defense & Security Solutions by 22.6% during the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after buying an additional 35,098 shares during the last quarter. Amundi purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $791,000. NewEdge Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 64.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kratos Defense & Security Solutions by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after acquiring an additional 41,265 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Up 0.5%

KTOS stock opened at $46.98 on Friday. The firm has a 50 day moving average of $52.19 and a 200 day moving average of $62.27. The stock has a market capitalization of $8.82 billion, a PE ratio of 276.35 and a beta of 1.11. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $43.09 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $458.80 million for the quarter, compared to analyst estimates of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. Kratos Defense & Security Solutions’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Insider Activity

In other Kratos Defense & Security Solutions news, Director Scot B. Jarvis sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total transaction of $635,000.00. Following the completion of the sale, the director owned 65,123 shares of the company’s stock, valued at approximately $4,135,310.50. The trade was a 13.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric Demarco sold 300,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $64.33, for a total value of $19,299,000.00. Following the sale, the chief executive officer owned 761,632 shares in the company, valued at approximately $48,995,786.56. The trade was a 28.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 389,688 shares of company stock valued at $24,397,492. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several recent analyst reports. Wedbush began coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 target price for the company. Stifel Nicolaus reduced their price target on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $99.00 to $82.00 in a report on Friday, June 12th. BTIG Research raised their price objective on Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald dropped their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.47.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.