Red Mountain Financial LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,500 shares of the aerospace company’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkwood LLC raised its stake in shares of Kratos Defense & Security Solutions by 6.2% during the 4th quarter. Parkwood LLC now owns 21,923 shares of the aerospace company’s stock worth $445,000 after buying an additional 1,286 shares in the last quarter. Waterloo Capital L.P. purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $577,000. TFO Wealth Partners LLC grew its stake in shares of Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares during the period. Stifel Financial Corp increased its holdings in shares of Kratos Defense & Security Solutions by 2.9% in the 4th quarter. Stifel Financial Corp now owns 257,433 shares of the aerospace company’s stock valued at $5,223,000 after purchasing an additional 7,332 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Kratos Defense & Security Solutions by 3,867.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,086 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 13,731 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.
Kratos Defense & Security Solutions Trading Down 2.0 %
Shares of KTOS stock traded down $0.40 on Monday, reaching $19.40. 246,919 shares of the stock were exchanged, compared to its average volume of 1,221,178. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.13 and a 1-year high of $22.77. The stock has a market cap of $2.91 billion, a P/E ratio of 76.14 and a beta of 1.05. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $19.63 and a two-hundred day moving average of $19.07.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The business had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. During the same quarter in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. On average, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.3 EPS for the current year.
Insider Activity at Kratos Defense & Security Solutions
In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $17.80, for a total transaction of $124,600.00. Following the completion of the transaction, the insider now directly owns 419,821 shares in the company, valued at approximately $7,472,813.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $21.91, for a total value of $131,460.00. Following the completion of the transaction, the chief financial officer now owns 303,909 shares in the company, valued at approximately $6,658,646.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $17.80, for a total value of $124,600.00. Following the sale, the insider now directly owns 419,821 shares in the company, valued at $7,472,813.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,720 shares of company stock valued at $3,368,491. Insiders own 2.27% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on KTOS shares. Royal Bank of Canada lifted their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Jefferies Financial Group lowered their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group raised their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $20.00 to $27.00 in a report on Friday, April 26th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.
Read Our Latest Report on KTOS
About Kratos Defense & Security Solutions
(Free Report)
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.
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