Williamson Legacy Group LLC Invests $890,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Williamson Legacy Group LLC acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,730 shares of the aerospace company’s stock, valued at approximately $890,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Royal Bank of Canada boosted its stake in 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 worth $5,655,000 after buying an additional 35,098 shares during the last quarter. Amundi acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $791,000. NewEdge Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 64.4% during the first 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 boosted its stake in Kratos Defense & Security Solutions by 178.0% during the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after buying an additional 2,286 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 worth $11,686,000 after buying an additional 41,265 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,013 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $53.49, for a total value of $54,185.37. Following the completion of the sale, the senior vice president owned 65,996 shares in the company, valued at approximately $3,530,126.04. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $62.10, for a total transaction of $310,500.00. Following the completion of the sale, the chief financial officer owned 295,200 shares of the company’s stock, valued at $18,331,920. This trade represents a 1.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 163,540 shares of company stock worth $12,490,285 in the last three months. Company insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $56.80 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $35.88 and a 52 week high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.65 billion, a P/E ratio of 334.12 and a beta of 1.06. The stock’s fifty day moving average is $67.74 and its two-hundred day moving average is $81.37.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KTOS. Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. UBS Group reissued a “neutral” rating and set a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, Canaccord Genuity Group boosted their price objective on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.28.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.