EFG Asset Management North America Corp. Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

EFG Asset Management North America Corp. bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 74,299 shares of the aerospace company’s stock, valued at approximately $1,486,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Kratos Defense & Security Solutions by 373.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,003 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 4,735 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $1,681,000. Hennion & Walsh Asset Management Inc. grew its position in Kratos Defense & Security Solutions by 47.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 21,161 shares of the aerospace company’s stock valued at $423,000 after purchasing an additional 6,802 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Kratos Defense & Security Solutions by 50.8% in the 2nd quarter. Raymond James & Associates now owns 414,051 shares of the aerospace company’s stock valued at $8,285,000 after buying an additional 139,539 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on 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. Royal Bank of Canada lifted their target price on shares of 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. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating for the company. Finally, JMP Securities began coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 target price for the company. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded down $0.02 during midday trading on Monday, hitting $22.75. The stock had a trading volume of 482,465 shares, compared to its average volume of 1,167,591. Kratos Defense & Security Solutions, Inc. has a 52 week low of $13.98 and a 52 week high of $23.11. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $19.70. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 67.66 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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. 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%. Kratos Defense & Security Solutions’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the completion of the sale, the insider now owns 377,322 shares in the company, valued at approximately $8,557,662.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bradley L. Boyd sold 1,720 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total value of $37,220.80. Following the completion of the transaction, the director now owns 3,280 shares of the company’s stock, valued at $70,979.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,075 shares of company stock worth $3,427,791. 2.27% of the stock is currently owned by company insiders.

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.