Silver Oak Securities Incorporated Trims Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Silver Oak Securities Incorporated lowered its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 80.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,480 shares of the aerospace company’s stock after selling 18,978 shares during the period. Silver Oak Securities Incorporated’s holdings in Kratos Defense & Security Solutions were worth $316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KTOS. Royal Bank of Canada raised its stake in Kratos Defense & Security Solutions by 22.6% during the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after buying an additional 35,098 shares during the last quarter. Amundi bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $791,000. NewEdge Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 515 shares during the last quarter. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 178.0% in the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock worth $11,686,000 after purchasing an additional 41,265 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $47.21 on Monday. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $58.47 and its two-hundred day moving average is $78.55. The company has a market capitalization of $8.85 billion, a P/E ratio of 277.71 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $41.75 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the prior year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.47 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 35,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $58.23, for a total transaction of $2,038,050.00. Following the transaction, the insider directly owned 309,087 shares of the company’s stock, valued at approximately $17,998,136.01. This represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $57.93, for a total value of $86,895.00. Following the completion of the sale, the senior vice president directly owned 64,447 shares of the company’s stock, valued at approximately $3,733,414.71. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 180,278 shares of company stock valued at $11,243,918 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KTOS. UBS Group reiterated a “neutral” rating and issued a $82.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $99.00 to $82.00 in a research report on Friday, June 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $101.35.

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.