Managed Asset Portfolios LLC Grows Stock Position in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

Managed Asset Portfolios LLC lifted its stake in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 961,096 shares of the aerospace company’s stock after acquiring an additional 17,800 shares during the quarter. Kratos Defense & Security Solutions makes up about 3.9% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 14th biggest position. Managed Asset Portfolios LLC’s holdings in Kratos Defense & Security Solutions were worth $17,872,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 47.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,284,718 shares of the aerospace company’s stock valued at $143,858,000 after acquiring an additional 2,023,540 shares during the period. Invesco Ltd. increased its position in Kratos Defense & Security Solutions by 155.9% in the 2nd quarter. Invesco Ltd. now owns 1,288,099 shares of the aerospace company’s stock valued at $29,485,000 after acquiring an additional 784,721 shares during the period. Stephens Investment Management Group LLC increased its position in Kratos Defense & Security Solutions by 33.4% in the 3rd quarter. Stephens Investment Management Group LLC now owns 2,714,509 shares of the aerospace company’s stock valued at $50,476,000 after acquiring an additional 679,968 shares during the period. Columbus Circle Investors increased its position in Kratos Defense & Security Solutions by 227.5% in the 3rd quarter. Columbus Circle Investors now owns 927,411 shares of the aerospace company’s stock valued at $17,245,000 after acquiring an additional 644,231 shares during the period. Finally, Waratah Capital Advisors Ltd. acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at about $7,972,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

A number of equities research analysts have weighed in on KTOS shares. ValuEngine lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Canaccord Genuity set a $28.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, October 11th. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Noble Financial raised Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Wednesday, October 2nd. Finally, Robert W. Baird set a $25.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Kratos Defense & Security Solutions has a consensus rating of “Buy” and a consensus price target of $23.75.

KTOS traded up $0.03 during trading on Friday, reaching $19.78. The company’s stock had a trading volume of 1,910,688 shares, compared to its average volume of 1,236,806. Kratos Defense & Security Solutions, Inc has a 52-week low of $12.31 and a 52-week high of $25.08. The company’s fifty day moving average price is $18.91 and its 200-day moving average price is $20.24. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 116.35, a price-to-earnings-growth ratio of 10.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.33 and a current ratio of 2.73.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $184.10 million for the quarter, compared to analyst estimates of $184.32 million. Kratos Defense & Security Solutions had a return on equity of 4.59% and a net margin of 2.04%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. Equities analysts predict that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current year.

In other news, CFO Deanna H. Lund sold 7,803 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $19.30, for a total transaction of $150,597.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David M. Carter sold 14,720 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $19.80, for a total value of $291,456.00. The disclosure for this sale can be found here. 15.54% of the stock is owned by insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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