Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 75,412 shares of the aerospace company’s stock after selling 28,836 shares during the quarter. Kratos Defense & Security Solutions comprises approximately 0.9% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 21st largest holding. EFG Asset Management North America Corp.’s holdings in Kratos Defense & Security Solutions were worth $6,891,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at $32,000. Whittier Trust Co. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $38,000. Sound Income Strategies LLC acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $51,000. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at about $31,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 30,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the transaction, the insider owned 9,348 shares of the company’s stock, valued at $699,230.40. The trade was a 76.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stacey G. Rock sold 16,568 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 26,487 shares of the company’s stock, valued at approximately $3,092,092.38. This represents a 38.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 904,815 shares of company stock worth $73,587,741 over the last ninety days. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $111.32 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month high of $134.00. The firm has a market capitalization of $18.80 billion, a P/E ratio of 856.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The company’s fifty day moving average price is $87.62 and its 200 day moving average price is $79.03.

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 (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same quarter last year, the company posted $0.11 earnings per share. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

KTOS has been the topic of a number of recent research reports. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, January 12th. Citizens Jmp boosted their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. The Goldman Sachs Group increased their price objective on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. BNP Paribas Exane set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Finally, BTIG Research lifted their price target on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

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.