Avantax Advisory Services Inc. Grows Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Avantax Advisory Services Inc. grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 50.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 33,108 shares of the aerospace company's stock after acquiring an additional 11,147 shares during the period. Avantax Advisory Services Inc.'s holdings in Kratos Defense & Security Solutions were worth $983,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $30,000. Aspect Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 valued at $31,000 after purchasing an additional 700 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 653.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 2,307 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KTOS. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, June 27th. The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target for the company in a report on Monday, June 30th. Royal Bank Of Canada boosted their price target 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, July 3rd. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 30th. Finally, Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.08.

Kratos Defense & Security Solutions Stock Down 3.4%

KTOS stock opened at $56.71 on Friday. The company has a fifty day moving average price of $46.47 and a 200 day moving average price of $36.78. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $61.43. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 436.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $292.25 million. During the same quarter in the prior year, the firm earned $0.11 EPS. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% on a year-over-year basis. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the completion of the transaction, the insider owned 39,348 shares in the company, valued at approximately $1,328,388.48. This represents a 50.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 15,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $34.37, for a total transaction 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. The trade was a 3.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,572 shares of company stock worth $5,644,656 in the last 90 days. Corporate insiders own 2.37% of the company's stock.

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.

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