SG Americas Securities LLC Purchases 55,241 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

SG Americas Securities LLC boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 152.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 91,486 shares of the aerospace company’s stock after purchasing an additional 55,241 shares during the period. SG Americas Securities LLC’s holdings in Kratos Defense & Security Solutions were worth $6,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth approximately $32,000. Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Whittier Trust Co. purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $38,000. Accredited Wealth Management LLC lifted its position in Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares in the last quarter. Finally, CI Investments Inc. lifted its position in Kratos Defense & Security Solutions by 142.7% in the 3rd quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 254 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on KTOS shares. BTIG Research lifted their target price on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. KeyCorp increased their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. B. Riley Financial lifted their price objective on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Finally, Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $98.28.

Insiders Place Their Bets

In other news, insider Stacey G. Rock sold 16,568 shares of the 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 transaction, the insider owned 26,487 shares in the company, valued at $3,092,092.38. This represents a 38.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Carter sold 8,123 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $105.40, for a total transaction of $856,164.20. Following the completion of the transaction, the insider directly owned 81,816 shares in the company, valued at approximately $8,623,406.40. The trade was a 9.03% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 373,500 shares of company stock valued at $34,826,678. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $70.51 on Wednesday. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 542.43 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 1-year low of $25.78 and a 1-year high of $134.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The business’s fifty day moving average price is $92.50 and its 200-day moving average price is $88.16.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $345.10 million during the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.Kratos Defense & Security Solutions’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

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.