Bard Associates Inc. Has $2.28 Million Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bard Associates Inc. cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.8% during the third quarter, Holdings Channel.com reports. The firm owned 97,848 shares of the aerospace company’s stock after selling 825 shares during the quarter. Bard Associates Inc.’s holdings in Kratos Defense & Security Solutions were worth $2,280,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 worth $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Bamco Inc. NY raised its holdings in Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after acquiring an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after acquiring an additional 136,696 shares in the last quarter. Hood River Capital Management LLC boosted its position in Kratos Defense & Security Solutions by 5.5% during the second 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 during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Kratos Defense & Security Solutions by 0.8% in the second 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.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 11,980 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $20.89 per share, with a total value of $250,262.20. Following the acquisition, the chief executive officer now owns 1,070,244 shares of the company’s stock, valued at approximately $22,357,397.16. This represents a 1.13 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total value of $134,460.00. Following the transaction, the chief financial officer now directly owns 285,905 shares of the company’s stock, valued at approximately $6,407,131.05. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,236 shares of company stock valued at $1,451,601 in the last three months. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 8.8 %

NASDAQ KTOS opened at $25.28 on Friday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 252.83 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $23.93 and a 200-day moving average of $21.91.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KTOS. JMP Securities raised their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Robert W. Baird raised their target price 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. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

Kratos Defense & Security Solutions Profile

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.