BB&T Securities LLC Acquires 6,030 Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)


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BB&T Securities LLC boosted its position in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 37.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,234 shares of the aerospace company’s stock after acquiring an additional 6,030 shares during the quarter. BB&T Securities LLC’s holdings in Kratos Defense & Security Solutions were worth $508,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter worth $31,000. Marshall Wace LLP bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $35,000. Advisory Services Network LLC increased its position in shares of Kratos Defense & Security Solutions by 795.6% during the first quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 3,978 shares in the last quarter. NEXT Financial Group Inc bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $105,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $81,000. 84.21% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ KTOS traded up $0.44 during trading hours on Friday, hitting $20.44. 1,645,089 shares of the company’s stock traded hands, compared to its average volume of 1,257,459. The company has a current ratio of 2.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.59. Kratos Defense & Security Solutions, Inc has a 52 week low of $11.91 and a 52 week high of $25.08. The firm has a market capitalization of $2.12 billion, a P/E ratio of 120.24, a P/E/G ratio of 11.59 and a beta of 1.33. The business’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $19.34.

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

KTOS has been the subject of several recent research reports. Citigroup downgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. ValuEngine downgraded shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Canaccord Genuity set a $28.00 target price on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Friday, August 16th. Noble Financial cut shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 target price on the stock. in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $24.00 in a report on Friday, May 24th. One equities research 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. Kratos Defense & Security Solutions has a consensus rating of “Buy” and a consensus price target of $23.67.

In other news, Director Amy Zegart sold 7,305 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $19.55, for a total value of $142,812.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bandel L. Carano sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $19.18, for a total value of $9,590,000.00. The disclosure for this sale can be found here. Insiders have sold 791,932 shares of company stock worth $15,305,451 in the last quarter. 15.54% of the stock is currently owned by corporate insiders.

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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