Wealth Quarterback LLC Acquires 528 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Wealth Quarterback LLC lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,998 shares of the aerospace company’s stock after purchasing an additional 528 shares during the period. Wealth Quarterback LLC’s holdings in Kratos Defense & Security Solutions were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. grew its stake in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions in the second quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $36,000. Finally, EntryPoint Capital LLC raised its position in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 1,506 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KTOS has been the topic of several research reports. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Finally, B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.10.

Kratos Defense & Security Solutions Trading Up 9.0 %

Shares of NASDAQ:KTOS opened at $25.97 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The firm has a market capitalization of $3.92 billion, a P/E ratio of 259.70 and a beta of 1.02. The business’s 50-day moving average is $23.63 and its 200 day moving average is $21.68. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $26.21.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. Kratos Defense & Security Solutions’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco bought 12,396 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the purchase, the chief executive officer now directly owns 1,058,264 shares of the company’s stock, valued at approximately $21,366,350.16. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Eric M. Demarco bought 12,396 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.09, for a total transaction of $70,315.00. Following the sale, the insider now owns 276,091 shares of the company’s stock, valued at approximately $5,546,668.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,091 shares of company stock worth $1,739,101. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Company 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.