TD Waterhouse Canada Inc. Has $64,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

TD Waterhouse Canada Inc. trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 90.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 848 shares of the aerospace company’s stock after selling 8,363 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Kratos Defense & Security Solutions were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KTOS. Rakuten Securities Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at about $31,000. Bayforest Capital Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $32,000. Caitlin John LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $32,000. Accredited Wealth Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 269 shares during the period. Finally, Whittier Trust Co. acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $38,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.1%

KTOS opened at $63.16 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $32.68 and a fifty-two week high of $134.00. The firm has a market capitalization of $11.84 billion, a PE ratio of 485.88 and a beta of 1.22. The company’s 50-day moving average is $80.74 and its 200 day moving average is $85.72.

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. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same quarter in the prior year, the business posted $0.13 EPS. The firm’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $75.69, for a total value of $113,535.00. Following the sale, the senior vice president owned 66,656 shares in the company, valued at $5,045,192.64. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 5,417 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $75.90, for a total transaction of $411,150.30. Following the completion of the sale, the director owned 75,123 shares in the company, valued at $5,701,835.70. This represents a 6.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 167,027 shares of company stock worth $13,961,290 over the last ninety days. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, April 6th. Citizens Jmp upped their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Canaccord Genuity Group upped their price objective on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Finally, KeyCorp upped their price objective on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $98.28.

Kratos Defense & Security Solutions Company 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.