November 10, 2019 at 7:22 pm

Montag A & Associates Inc. Sells 1,404 Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

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Montag A & Associates Inc. decreased its holdings in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,376 shares of the aerospace company’s stock after selling 1,404 shares during the period. Montag A & Associates Inc.’s holdings in Kratos Defense & Security Solutions were worth $490,000 at the end of the most recent reporting period.

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Other hedge funds have also recently made changes to their positions in the company. Usca Ria LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $28,000. Marshall Wace LLP acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $35,000. Bartlett & Co. LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $56,000. Truvestments Capital LLC grew its holdings in shares of Kratos Defense & Security Solutions by 570.0% in the 3rd quarter. Truvestments Capital LLC now owns 3,350 shares of the aerospace company’s stock valued at $62,000 after buying an additional 2,850 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $66,000. 86.03% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on KTOS. BidaskClub raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Canaccord Genuity set a $28.00 target price on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Friday, October 11th. ValuEngine lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Robert W. Baird set a $25.00 target price on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Kratos Defense & Security Solutions presently has a consensus rating of “Buy” and a consensus price target of $23.75.

NASDAQ:KTOS traded up $0.03 on Friday, hitting $19.78. 1,910,600 shares of the company’s stock were exchanged, compared to its average volume of 1,236,806. The firm has a 50-day moving average price of $18.90 and a 200-day moving average price of $20.26. Kratos Defense & Security Solutions, Inc has a 52 week low of $12.31 and a 52 week high of $25.08. The company has a market cap of $1.90 billion, a P/E 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 current ratio of 2.73 and a quick ratio of 2.33.

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

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco sold 293,481 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $19.50, for a total value of $5,722,879.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Deanna H. Lund sold 7,803 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $19.30, for a total transaction of $150,597.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 386,004 shares of company stock worth $7,548,833. 15.54% of the stock is owned by corporate 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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