WCM Investment Management LLC Trims Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

WCM Investment Management LLC reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 22.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 221,869 shares of the aerospace company’s stock after selling 65,313 shares during the period. WCM Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $14,484,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Greenleaf Trust boosted its stake in shares of Kratos Defense & Security Solutions by 2.7% during the fourth quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock worth $291,000 after buying an additional 100 shares during the period. LVW Advisors LLC increased its position in Kratos Defense & Security Solutions by 3.0% in the 4th quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after acquiring an additional 107 shares during the period. CENTRAL TRUST Co raised its stake in Kratos Defense & Security Solutions by 7.3% during the 4th quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 115 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Kratos Defense & Security Solutions by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock worth $449,000 after acquiring an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 125 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Down 0.2%

KTOS opened at $45.94 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. Kratos Defense & Security Solutions, Inc. has a 12 month low of $45.58 and a 12 month high of $134.00. The stock has a market capitalization of $8.61 billion, a P/E ratio of 270.24 and a beta of 1.07. The business has a 50 day simple moving average of $54.04 and a 200-day simple moving average of $75.53.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data 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 firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. UBS Group reissued a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Piper Sandler cut their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. BNP Paribas Exane raised their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

Insider Transactions at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $52.85, for a total value of $264,250.00. Following the completion of the transaction, the chief financial officer directly owned 285,405 shares of the company’s stock, valued at $15,083,654.25. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $50.45, for a total value of $201,800.00. Following the completion of the sale, the insider owned 66,238 shares in the company, valued at $3,341,707.10. This represents a 5.69% decrease in their ownership of the stock. 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 148,036 shares of company stock worth $8,455,857 in the last quarter. Insiders own 1.50% of the company’s stock.

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.