Sequoia Financial Advisors LLC Buys 11,961 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Sequoia Financial Advisors LLC increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 12.4% in the first quarter, Holdings Channel.com reports. The firm owned 108,541 shares of the aerospace company’s stock after purchasing an additional 11,961 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $7,653,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Kratos Defense & Security Solutions by 22.6% in the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after purchasing an additional 35,098 shares in the last quarter. Amundi bought a new position in shares of Kratos Defense & Security Solutions during the first quarter worth about $791,000. NewEdge Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares in the last quarter. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 178.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after buying an additional 2,286 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after buying an additional 41,265 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 1.4%

Shares of NASDAQ:KTOS traded down $0.66 during trading on Friday, hitting $48.19. 2,372,479 shares of the company were exchanged, compared to its average volume of 5,385,610. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $46.01 and a fifty-two week high of $134.00. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 283.47 and a beta of 1.07. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $55.44 and a two-hundred day moving average price of $76.88.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. As a group, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wedbush started coverage on Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They set an “outperform” rating and a $85.00 price target for the company. Citizens Jmp cut their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Piper Sandler decreased their target price 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. Finally, Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.41.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $57.93, for a total transaction of $86,895.00. Following the transaction, the senior vice president directly owned 64,447 shares in the company, valued at $3,733,414.71. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $52.85, for a total transaction of $264,250.00. Following the completion of the sale, the chief financial officer directly owned 285,405 shares in the company, valued at approximately $15,083,654.25. The trade was a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 161,453 shares of company stock valued at $9,466,223. 1.50% of the stock is owned by company insiders.

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.