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Sequoia Financial Advisors LLC Grows Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kratos Defense & Security Solutions logo with Aerospace background

Sequoia Financial Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,296 shares of the aerospace company's stock after acquiring an additional 12,638 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.06% of Kratos Defense & Security Solutions worth $2,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KTOS. Golden State Equity Partners bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $354,000. Moran Wealth Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 3.0% in the first quarter. Moran Wealth Management LLC now owns 17,441 shares of the aerospace company's stock valued at $518,000 after purchasing an additional 506 shares during the last quarter. Legacy Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 9.4% in the first quarter. Legacy Advisors LLC now owns 30,042 shares of the aerospace company's stock valued at $892,000 after purchasing an additional 2,572 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 143.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,485 shares of the aerospace company's stock valued at $668,000 after purchasing an additional 13,252 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $5,726,000. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded up $0.61 during mid-day trading on Monday, reaching $46.45. The stock had a trading volume of 7,707,803 shares, compared to its average volume of 1,965,612. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $47.55. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $7.13 billion, a PE ratio of 357.34 and a beta of 0.99. The firm's 50 day simple moving average is $37.44 and its 200 day simple moving average is $32.54.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The firm had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KTOS. Noble Financial increased their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target on the stock in a research note on Monday. Benchmark lifted their price target on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.55.

Read Our Latest Stock Analysis on KTOS

Insiders Place Their Bets

In other news, insider Jonah Adelman sold 40,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the completion of the sale, the insider owned 39,348 shares of the company's stock, valued at approximately $1,328,388.48. The trade was a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 15,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total transaction of $515,550.00. Following the sale, the insider directly owned 384,492 shares in the company, valued at $13,214,990.04. This trade represents a 3.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,572 shares of company stock valued at $5,045,246 over the last quarter. Insiders own 2.37% of the company's stock.

About Kratos Defense & Security Solutions

(Free Report)

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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