Allianz Asset Management GmbH Reduces Stock Holdings in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)


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Allianz Asset Management GmbH lessened its holdings in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 20.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453,072 shares of the aerospace company’s stock after selling 117,253 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.43% of Kratos Defense & Security Solutions worth $10,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Hawaiian Bank grew its stake in Kratos Defense & Security Solutions by 36.5% in the second quarter. First Hawaiian Bank now owns 19,660 shares of the aerospace company’s stock worth $450,000 after purchasing an additional 5,260 shares during the period. Victory Capital Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the first quarter worth $11,099,000. First Trust Advisors LP purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth $2,897,000. Calamos Advisors LLC purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth $990,000. Finally, State Board of Administration of Florida Retirement System grew its stake in Kratos Defense & Security Solutions by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 51,014 shares of the aerospace company’s stock worth $1,168,000 after purchasing an additional 760 shares during the period. Institutional investors own 83.76% of the company’s stock.

Kratos Defense & Security Solutions stock opened at $21.05 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.73 and a quick ratio of 2.33. Kratos Defense & Security Solutions, Inc has a one year low of $11.91 and a one year high of $25.08. The stock has a market capitalization of $2.24 billion, a PE ratio of 123.82, a price-to-earnings-growth ratio of 11.85 and a beta of 1.33. The business’s fifty day moving average is $19.74 and its 200 day moving average is $19.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The company had revenue of $187.90 million for the quarter, compared to the consensus estimate of $178.72 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. Kratos Defense & Security Solutions’s revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc will post 0.23 EPS for the current fiscal year.

In other Kratos Defense & Security Solutions news, VP Marie Mendoza sold 13,993 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $19.96, for a total value of $279,300.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Benjamin M. Goodwin sold 18,700 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $20.12, for a total value of $376,244.00. The disclosure for this sale can be found here. In the last three months, insiders sold 791,932 shares of company stock worth $15,305,451. 15.54% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on the company. Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, July 3rd. Noble Financial cut Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price target on the stock. in a research note on Wednesday, June 5th. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Friday, May 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 price target (up from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.67.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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