Silver Oak Securities Incorporated Grows Position in Kratos Defense & Security Solutions, Inc. $KTOS

Silver Oak Securities Incorporated boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 96.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,458 shares of the aerospace company’s stock after acquiring an additional 11,513 shares during the period. Silver Oak Securities Incorporated’s holdings in Kratos Defense & Security Solutions were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its holdings in Kratos Defense & Security Solutions by 1,389.0% during the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock worth $247,409,000 after buying an additional 2,525,921 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $91,901,000. First Trust Advisors LP raised its position in shares of Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after acquiring an additional 698,778 shares in the last quarter. Seven Grand Managers LLC bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $23,225,000. Finally, Sapient Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $41,401,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Activity

In related news, CEO Eric M. Demarco sold 191,699 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $90.28, for a total value of $17,306,585.72. Following the completion of the transaction, the chief executive officer directly owned 687,117 shares of the company’s stock, valued at $62,032,922.76. This trade represents a 21.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stacey G. Rock sold 16,568 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the completion of the sale, the insider owned 26,487 shares of the company’s stock, valued at $3,092,092.38. This trade represents a 38.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 373,500 shares of company stock valued at $34,826,678. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Stock Up 8.0%

Shares of KTOS stock opened at $70.51 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $25.78 and a 1-year high of $134.00. The stock’s fifty day moving average price is $92.50 and its 200 day moving average price is $88.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 542.43 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on KTOS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 target price for the company. B. Riley Financial increased their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Citizens Jmp raised their price target 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. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

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.