Gamco Investors INC. ET AL Sells 9,450 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Gamco Investors INC. ET AL decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 60.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,300 shares of the aerospace company’s stock after selling 9,450 shares during the period. Gamco Investors INC. ET AL’s holdings in Kratos Defense & Security Solutions were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth $30,000. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $31,000. Bayforest Capital Ltd purchased a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Caitlin John LLC bought a new position in Kratos Defense & Security Solutions in the third quarter worth approximately $32,000. Finally, Accredited Wealth Management LLC increased its stake in shares of 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 worth $37,000 after purchasing an additional 269 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,523 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $92.98, for a total transaction of $792,468.54. Following the transaction, the insider owned 9,802 shares in the company, valued at $911,389.96. The trade was a 46.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stacey G. Rock sold 16,568 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the transaction, the insider directly owned 26,487 shares of the company’s stock, valued at approximately $3,092,092.38. This represents a 38.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 574,731 shares of company stock valued at $50,506,306 over the last three months. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 0.0%

Shares of KTOS opened at $88.92 on Thursday. The stock has a market capitalization of $16.61 billion, a PE ratio of 684.05 and a beta of 1.12. The company’s fifty day moving average is $99.76 and its 200 day moving average is $86.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $25.78 and a fifty-two week high of $134.00.

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

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of recent research reports. JonesTrading started coverage on Kratos Defense & Security Solutions in a research note on Monday, January 5th. They set a “buy” rating for the company. B. Riley Financial increased their price target on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Canaccord Genuity Group raised their price target on Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. KeyCorp boosted their price target on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane set a $80.00 price target on Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $98.28.

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.