Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 55.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,120 shares of the aerospace company’s stock after selling 16,230 shares during the period. Toth Financial Advisory Corp’s holdings in Kratos Defense & Security Solutions were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. TD Waterhouse Canada Inc. acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth $30,000. Farther Finance Advisors LLC grew its position in Kratos Defense & Security Solutions by 129.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 503 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at $45,000. Finally, Grove Bank & Trust increased its stake in Kratos Defense & Security Solutions by 300.0% in the third quarter. Grove Bank & Trust now owns 1,000 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 8,549 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $71.45, for a total transaction of $610,826.05. Following the completion of the sale, the insider directly owned 30,283 shares of the company’s stock, valued at $2,163,720.35. The trade was a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $75.91, for a total value of $455,460.00. Following the completion of the transaction, the insider owned 198,962 shares in the company, valued at approximately $15,103,205.42. This trade represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 472,711 shares of company stock valued at $35,730,005 in the last quarter. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $75.39 on Friday. The firm has a 50 day moving average of $79.55 and a 200-day moving average of $68.12. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 579.97 and a beta of 1.14. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BNP Paribas set a $80.00 price target on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. BNP Paribas Exane began coverage on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 target price on the stock. Truist Financial increased their price target on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, JMP Securities lifted their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus price target of $82.53.

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.