Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Seven Grand Managers LLC

Seven Grand Managers LLC decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the aerospace company’s stock after selling 250,000 shares during the period. Kratos Defense & Security Solutions makes up about 1.4% of Seven Grand Managers LLC’s holdings, making the stock its 20th biggest position. Seven Grand Managers LLC’s holdings in Kratos Defense & Security Solutions were worth $18,978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Kratos Defense & Security Solutions by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after purchasing an additional 148,622 shares during the period. Williamson Legacy Group LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $890,000. Box Hill Private Wealth LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $380,000. Themes Management Co LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $369,000. Finally, Harbour Investments Inc. increased its position in Kratos Defense & Security Solutions by 1,030.0% during the 4th quarter. Harbour Investments Inc. now owns 2,147 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 1,957 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In related news, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $58.00, for a total value of $232,000.00. Following the sale, the insider owned 74,071 shares in the company, valued at $4,296,118. This represents a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $52.13, for a total value of $338,845.00. Following the completion of the sale, the insider owned 221,550 shares in the company, valued at approximately $11,549,401.50. This represents a 2.85% 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. Over the last quarter, insiders have sold 154,540 shares of company stock worth $11,689,165. 1.50% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $57.30 on Thursday. The stock has a market cap of $10.74 billion, a P/E ratio of 337.06 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The stock’s 50 day simple moving average is $67.09 and its 200 day simple moving average is $81.26. Kratos Defense & Security Solutions, Inc. has a 1-year low of $35.88 and a 1-year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on KTOS shares. Canaccord Genuity Group boosted their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. UBS Group reiterated a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Citizens Jmp dropped their target price on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Finally, BNP Paribas Exane boosted their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.28.

Kratos Defense & Security Solutions 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.