Emerald Advisers LLC Reduces Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Emerald Advisers LLC lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,741,251 shares of the aerospace company's stock after selling 23,039 shares during the quarter. Kratos Defense & Security Solutions makes up about 1.6% of Emerald Advisers LLC's holdings, making the stock its 12th largest position. Emerald Advisers LLC owned 1.15% of Kratos Defense & Security Solutions worth $40,571,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock valued at $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company's stock worth $80,396,000 after purchasing an additional 511,538 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company's stock worth $83,855,000 after purchasing an additional 136,696 shares during the last quarter. Hood River Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 5.5% during the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company's stock worth $53,960,000 after purchasing an additional 139,853 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 0.8% during the second quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company's stock worth $50,655,000 after purchasing an additional 19,104 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the 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 completion of the transaction, the senior vice president now directly owns 63,393 shares of the company's stock, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the 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 completion of the transaction, the senior vice president now directly owns 63,393 shares of the company's stock, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the completion of the transaction, the insider now directly owns 23,848 shares of the company's stock, valued at approximately $593,338.24. 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 76,091 shares of company stock worth $1,739,101 over the last 90 days. Company insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded up $0.15 during mid-day trading on Friday, reaching $22.87. The stock had a trading volume of 697,367 shares, compared to its average volume of 758,131. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 326.71 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.36 and a twelve month high of $25.91. The business has a 50 day simple moving average of $23.48 and a 200 day simple moving average of $21.52.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on KTOS. JMP Securities reaffirmed a "market outperform" rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Benchmark reaffirmed a "buy" rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. B. Riley lowered Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Wednesday. Finally, Truist Financial reiterated 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 note on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $25.10.

Kratos Defense & Security Solutions Company Profile

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.