Mount Yale Investment Advisors LLC Sells 1,759 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mount Yale Investment Advisors LLC trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 14.2% in the 4th quarter, HoldingsChannel reports. The firm owned 10,598 shares of the aerospace company’s stock after selling 1,759 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $280,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares in the last quarter. Wealth Quarterback LLC raised its stake in Kratos Defense & Security Solutions by 3.9% during the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 528 shares in the last quarter. ORG Partners LLC lifted its position in Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 621 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after buying an additional 976 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KTOS shares. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. JMP Securities raised their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.30.

Kratos Defense & Security Solutions Stock Down 2.2 %

Shares of KTOS opened at $32.75 on Thursday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 327.53 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month high of $35.66. The firm has a fifty day moving average price of $28.80 and a 200-day moving average price of $25.02. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same quarter in the prior year, the company earned $0.08 earnings per share. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the transaction, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $137,760.00. Following the completion of the sale, the chief financial officer now owns 273,881 shares of the company’s stock, valued at approximately $6,288,307.76. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,428 shares of company stock worth $2,725,696 in the last ninety days. 2.27% of the stock is owned by company insiders.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.