WealthPlan Investment Management LLC Sells 9,767 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

WealthPlan Investment Management LLC decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,320 shares of the aerospace company’s stock after selling 9,767 shares during the period. WealthPlan Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $2,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of Kratos Defense & Security Solutions by 15.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock valued at $4,552,000 after acquiring an additional 13,345 shares during the period. ARK Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 22.2% in the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after purchasing an additional 818,104 shares in the last quarter. Trivium Point Advisory LLC raised its holdings in Kratos Defense & Security Solutions by 25.0% in the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock worth $1,041,000 after purchasing an additional 4,483 shares during the period. Alpha Wealth Funds LLC bought a new position in shares of Kratos Defense & Security Solutions during the second quarter worth $227,000. Finally, Empowered Funds LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $4,999,000. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday. JMP Securities raised their target price on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, October 2nd. KeyCorp assumed coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, December 18th. They issued an “overweight” rating and a $90.00 price target for the company. BNP Paribas set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.94.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco sold 191,699 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $90.28, for a total transaction of $17,306,585.72. Following the transaction, the chief executive officer owned 687,117 shares of the company’s stock, valued at $62,032,922.76. The trade was a 21.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $77.91, for a total value of $389,550.00. Following the transaction, the chief financial officer directly owned 243,235 shares in the company, valued at $18,950,438.85. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 898,639 shares of company stock worth $72,622,719. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 1.6%

Kratos Defense & Security Solutions stock opened at $119.72 on Wednesday. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 1-year low of $23.90 and a 1-year high of $121.57. The company has a fifty day simple moving average of $79.27 and a 200 day simple moving average of $74.18. The company has a market cap of $20.21 billion, a P/E ratio of 920.99 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The company had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. During the same quarter last year, the company earned $0.11 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% compared to the same quarter last year. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

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.