Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Shares Bought by BB&T Securities LLC


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

Several other large investors also recently made changes to their positions in KTOS. State Board of Administration of Florida Retirement System raised its stake in Kratos Defense & Security Solutions by 1.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 51,014 shares of the aerospace company’s stock valued at $1,168,000 after purchasing an additional 760 shares during the period. Advisory Services Network LLC raised its stake in Kratos Defense & Security Solutions by 36.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,102 shares of the aerospace company’s stock valued at $140,000 after purchasing an additional 1,624 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Kratos Defense & Security Solutions by 16.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,395 shares of the aerospace company’s stock valued at $209,000 after purchasing an additional 1,867 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $31,000. Finally, Marshall Wace LLP acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $35,000. Institutional investors own 81.60% of the company’s stock.

In other news, Director Bandel L. Carano sold 500,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David M. Carter sold 14,720 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $19.80, for a total transaction of $291,456.00. The disclosure for this sale can be found here. Insiders sold 791,932 shares of company stock worth $15,305,451 over the last ninety days. 15.54% of the stock is currently owned by company insiders.

NASDAQ KTOS opened at $18.78 on Friday. Kratos Defense & Security Solutions, Inc has a 1-year low of $11.91 and a 1-year high of $25.08. The company has a current ratio of 2.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.03 billion, a PE ratio of 73.58, a price-to-earnings-growth ratio of 11.09 and a beta of 1.33. The firm’s fifty day simple moving average is $20.69 and its 200-day simple moving average is $19.29.

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

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Noble Financial downgraded 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. BidaskClub downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $26.00 in a research note on Friday, August 16th. Finally, 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target 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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