Waverly Advisors LLC Sells 11,347 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Waverly Advisors LLC trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,221 shares of the aerospace company’s stock after selling 11,347 shares during the quarter. Waverly Advisors LLC owned 0.07% of Kratos Defense & Security Solutions worth $9,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in Kratos Defense & Security Solutions by 2.7% in the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 100 shares during the last quarter. LVW Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 3.0% in the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after acquiring an additional 107 shares during the period. CENTRAL TRUST Co raised its stake in shares of Kratos Defense & Security Solutions by 7.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 115 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Kratos Defense & Security Solutions by 2.1% during the fourth quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock valued at $449,000 after acquiring an additional 122 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Kratos Defense & Security Solutions by 6.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 125 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KTOS shares. UBS Group reissued a “neutral” rating and issued a $82.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Piper Sandler lowered their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. BTIG Research dropped their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $52.85, for a total value of $264,250.00. Following the completion of the transaction, the chief financial officer owned 285,405 shares of the company’s stock, valued at approximately $15,083,654.25. This represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,675 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $50.00, for a total value of $233,750.00. Following the completion of the transaction, the insider owned 9,600 shares of the company’s stock, valued at approximately $480,000. The trade was a 32.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 137,036 shares of company stock worth $7,780,257. Insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 4.4%

NASDAQ:KTOS opened at $49.45 on Tuesday. The company has a 50-day moving average price of $53.47 and a 200-day moving average price of $74.33. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 290.88 and a beta of 1.07. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12 month low of $45.58 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% on a year-over-year basis. Equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current year.

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.