Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Register Financial Advisors LLC

Register Financial Advisors LLC lowered its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 10.2% during the third quarter, Holdings Channel.com reports. The fund owned 77,934 shares of the aerospace company’s stock after selling 8,850 shares during the quarter. Kratos Defense & Security Solutions comprises 2.8% of Register Financial Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Register Financial Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $7,121,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Rovida Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth about $82,315,000. Franklin Resources Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 29.6% in the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock worth $236,268,000 after acquiring an additional 1,162,577 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $37,475,000. ARK Investment Management LLC raised its stake in Kratos Defense & Security Solutions by 22.2% in the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after purchasing an additional 818,104 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Kratos Defense & Security Solutions by 29.1% in the 2nd quarter. First Trust Advisors LP now owns 2,370,085 shares of the aerospace company’s stock valued at $110,090,000 after purchasing an additional 533,912 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $128.68 on Wednesday. The stock has a market capitalization of $21.73 billion, a P/E ratio of 989.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00. The company has a 50 day moving average price of $84.32 and a 200 day moving average price of $77.10.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The business had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 26.0% on a year-over-year basis. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 16,568 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $116.74, for a total value of $1,934,148.32. Following the completion of the transaction, the insider owned 26,487 shares in the company, valued at $3,092,092.38. The trade was a 38.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,676 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $120.18, for a total value of $201,421.68. Following the completion of the sale, the senior vice president owned 63,393 shares in the company, valued at approximately $7,618,570.74. The trade was a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 911,815 shares of company stock worth $74,226,491 over the last 90 days. 2.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KTOS. Citizens Jmp increased their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, January 12th. JMP Securities upped their price target on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group lifted their price objective on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, BNP Paribas set a $80.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

About Kratos Defense & Security Solutions

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.