Nicholas Investment Partners LP Sells 22,430 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Nicholas Investment Partners LP lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 392,032 shares of the aerospace company’s stock after selling 22,430 shares during the quarter. Kratos Defense & Security Solutions makes up 2.2% of Nicholas Investment Partners LP’s holdings, making the stock its 3rd biggest position. Nicholas Investment Partners LP’s holdings in Kratos Defense & Security Solutions were worth $29,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its holdings in Kratos Defense & Security Solutions by 2.7% during the fourth quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 100 shares in the last quarter. LVW Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 3.0% during the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 107 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in 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 purchasing an additional 115 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in 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 purchasing an additional 122 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in 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 valued at $148,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $57.75 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The firm’s 50-day moving average is $62.36 and its two-hundred day moving average is $80.13. Kratos Defense & Security Solutions, Inc. has a 12 month low of $39.00 and a 12 month high of $134.00. The company has a market capitalization of $10.83 billion, a PE ratio of 339.71 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping 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 net margin of 2.08% and a return on equity of 2.82%. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

KTOS has been the topic of several recent analyst reports. BNP Paribas Exane increased their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and set a $82.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $99.00 to $82.00 in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada decreased their price target on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Three 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 stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 35,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $58.23, for a total transaction of $2,038,050.00. Following the completion of the sale, the insider directly owned 309,087 shares in the company, valued at $17,998,136.01. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonah Adelman sold 31,348 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the completion of the transaction, the insider owned 8,000 shares of the company’s stock, valued at $456,480. This trade represents a 79.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 217,564 shares of company stock valued at $14,576,994. 1.50% of the stock is currently owned by company insiders.

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.