Sequoia Financial Advisors LLC Raises Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sequoia Financial Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,520 shares of the aerospace company’s stock after purchasing an additional 2,493 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $1,331,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Register Financial Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 0.4% in the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after acquiring an additional 750 shares in the last quarter. LGL Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 2.0% in the fourth quarter. LGL Partners LLC now owns 51,000 shares of the aerospace company’s stock valued at $1,035,000 after acquiring an additional 999 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,208 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Parkwood LLC raised its holdings in shares of Kratos Defense & Security Solutions by 6.2% in the fourth quarter. Parkwood LLC now owns 21,923 shares of the aerospace company’s stock valued at $445,000 after acquiring an additional 1,286 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $20.00 to $27.00 in a report on Friday, April 26th. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. Royal Bank of Canada upped their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Finally, Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.23 during mid-day trading on Tuesday, hitting $19.85. The company had a trading volume of 166,728 shares, compared to its average volume of 1,175,457. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a 12-month low of $13.98 and a 12-month high of $22.96. The company’s fifty day moving average is $20.80 and its 200-day moving average is $19.47. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 61.64 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same quarter last year, the firm posted $0.05 EPS. The business’s revenue was up 16.8% on a year-over-year basis. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.29 EPS for the current year.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $20.20, for a total value of $30,300.00. Following the completion of the transaction, the senior vice president now directly owns 65,515 shares of the company’s stock, valued at approximately $1,323,403. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $20.20, for a total value of $30,300.00. Following the completion of the sale, the senior vice president now directly owns 65,515 shares of the company’s stock, valued at approximately $1,323,403. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the chief financial officer now directly owns 298,016 shares of the company’s stock, valued at $5,960,320. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,220 shares of company stock valued at $3,777,256. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions 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.