Wealth Enhancement Advisory Services LLC Purchases New Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,010 shares of the aerospace company’s stock, valued at approximately $594,000.

Several other hedge funds have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 700 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $55,000. MRP Capital Investments LLC grew its stake in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 500 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Kratos Defense & Security Solutions by 653.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 2,307 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven S. Fendley sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total value of $515,550.00. Following the transaction, the insider owned 384,492 shares of the company’s stock, valued at approximately $13,214,990.04. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eric M. Demarco purchased 7,455 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $33.59 per share, for a total transaction of $250,413.45. Following the acquisition, the chief executive officer directly owned 1,396,237 shares of the company’s stock, valued at approximately $46,899,600.83. This represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 149,572 shares of company stock valued at $5,373,706 in the last 90 days. 2.37% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Up 3.1%

NASDAQ:KTOS opened at $44.61 on Friday. The firm has a market cap of $6.84 billion, a P/E ratio of 343.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $47.09. The firm has a 50-day simple moving average of $38.60 and a two-hundred day simple moving average of $33.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KTOS shares. Stifel Nicolaus set a $54.00 target price on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Thursday. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Benchmark upped their price target on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Noble Financial upped their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, June 17th. Finally, Royal Bank Of Canada upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.82.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.