Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC lowered its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 26.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,998 shares of the aerospace company’s stock after selling 62,438 shares during the period. Advisors Capital Management LLC owned approximately 0.11% of Kratos Defense & Security Solutions worth $16,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at $31,000. Bayforest Capital Ltd purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $32,000. Whittier Trust Co. acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $38,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 5.7%

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

Insider Buying and Selling

In related news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $87.40, for a total value of $349,600.00. Following the sale, the insider directly owned 77,826 shares in the company, valued at approximately $6,801,992.40. The trade was a 4.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scot B. Jarvis sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $88.40, for a total transaction of $442,000.00. Following the completion of the transaction, the director directly owned 95,417 shares in the company, valued at $8,434,862.80. The trade was a 4.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 914,407 shares of company stock valued at $74,930,858. 2.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KTOS. Piper Sandler started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, January 12th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 20th. Finally, Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. One investment 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 company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.83.

Kratos Defense & Security Solutions Company 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.