Emerald Mutual Fund Advisers Trust Sells 43,376 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Emerald Mutual Fund Advisers Trust lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,387,908 shares of the aerospace company’s stock after selling 43,376 shares during the quarter. Kratos Defense & Security Solutions comprises 1.7% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 11th biggest position. Emerald Mutual Fund Advisers Trust owned 0.92% of Kratos Defense & Security Solutions worth $32,338,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares in the last quarter. Bamco Inc. NY increased its stake in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kratos Defense & Security Solutions by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after purchasing an additional 136,696 shares in the last quarter. Hood River Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 5.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after purchasing an additional 19,104 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $22.87 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The company has a market capitalization of $3.45 billion, a PE ratio of 326.71 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.36 and a 1 year high of $25.91. The company’s fifty day moving average price is $23.48 and its 200 day moving average price is $21.49.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same quarter last year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a research note on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Insider Activity

In related news, CEO Eric M. Demarco bought 12,396 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 12,396 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total transaction of $134,460.00. Following the completion of the transaction, the chief financial officer now directly owns 285,905 shares in the company, valued at approximately $6,407,131.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,091 shares of company stock worth $1,739,101 over the last 90 days. 2.27% of the stock is currently 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.