Canal Insurance CO Sells 25,250 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Canal Insurance CO lessened its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,000 shares of the aerospace company’s stock after selling 25,250 shares during the period. Canal Insurance CO owned approximately 0.12% of Kratos Defense & Security Solutions worth $4,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KTOS. Catalyst Capital Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 4.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 68,840 shares of the aerospace company’s stock valued at $1,604,000 after acquiring an additional 3,000 shares during the period. Van ECK Associates Corp increased its position in Kratos Defense & Security Solutions by 19.5% during the 3rd quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock valued at $21,358,000 after purchasing an additional 145,462 shares during the period. Farther Finance Advisors LLC raised its holdings in 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 purchasing an additional 920 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Kratos Defense & Security Solutions by 19.5% in the 3rd quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 3,839 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Kratos Defense & Security Solutions by 56.8% during the 3rd quarter. US Bancorp DE now owns 17,717 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 6,415 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 0.9 %

NASDAQ KTOS opened at $23.19 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $25.91. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.50 billion, a P/E ratio of 331.29 and a beta of 1.02. The stock’s 50-day moving average price is $23.51 and its 200-day moving average price is $21.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter last year, the business earned $0.05 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 12,396 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the transaction, the chief executive officer now owns 1,058,264 shares of the company’s stock, valued at $21,366,350.16. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Eric M. Demarco purchased 12,396 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the purchase, the chief executive officer now directly owns 1,058,264 shares in the company, valued at $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.09, for a total transaction of $70,315.00. Following the transaction, the insider now directly owns 276,091 shares of the company’s stock, valued at $5,546,668.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,091 shares of company stock worth $1,739,101 over the last ninety days. Corporate insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KTOS. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Truist Financial reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Finally, Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Kratos Defense & Security Solutions Profile

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.