L & S Advisors Inc Cuts Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

L & S Advisors Inc decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 30.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,462 shares of the aerospace company’s stock after selling 16,343 shares during the period. L & S Advisors Inc’s holdings in Kratos Defense & Security Solutions were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in KTOS. Synovus Financial Corp acquired a new position in Kratos Defense & Security Solutions during the third quarter worth $206,000. Axxcess Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $586,000. Ingalls & Snyder LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $229,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $206,000. Finally, Zweig DiMenna Associates LLC lifted its stake in Kratos Defense & Security Solutions by 33.6% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 208,350 shares of the aerospace company’s stock valued at $19,037,000 after buying an additional 52,350 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.87, for a total transaction of $484,350.00. Following the completion of the sale, the chief financial officer owned 274,983 shares of the company’s stock, valued at $26,637,603.21. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $107.97, for a total value of $755,790.00. Following the completion of the transaction, the insider directly owned 341,631 shares in the company, valued at approximately $36,885,899.07. This trade represents a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 914,407 shares of company stock worth $74,930,858. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Trading Up 5.7%

Shares of KTOS stock opened at $97.21 on Thursday. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a twelve month low of $23.90 and a twelve month high of $134.00. The company’s 50-day moving average price is $95.44 and its 200-day moving average price is $83.64. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 747.83 and a beta of 1.09.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. Piper Sandler began coverage on Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 target price for the company. Truist Financial set a $135.00 price objective on Kratos Defense & Security Solutions in a research note on Friday, January 9th. KeyCorp raised their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. Finally, BTIG Research increased their target price on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $93.83.

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.