Bulltick Wealth Management LLC Invests $475,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Key Points

• Bulltick Wealth Management LLC has made a new investment of approximately $475,000 in Kratos Defense & Security Solutions, acquiring 16,000 shares in the aerospace company.
• The company's stock is experiencing significant interest, with institutional investors holding 75.92% of the shares, including major firms like Vanguard and Invesco increasing their positions.
• Recent analyst reports have shown an upward trend in price targets for Kratos Defense, with Stifel Nicolaus increasing its price objective from $54 to $70, indicating strong positive sentiment towards the stock.

Bulltick Wealth Management LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 16,000 shares of the aerospace company's stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth $29,000. Larson Financial Group LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Aspect Partners LLC increased its position in shares of Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Kratos Defense & Security Solutions by 202.3% during the 1st 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 during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTOS has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. Stifel Nicolaus lifted their target price on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. Royal Bank Of Canada lifted their target price on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, B. Riley reaffirmed a "buy" rating and issued a $72.00 target price (up from $55.00) on shares of Kratos Defense & Security Solutions in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.92.

Insider Activity

In related news, insider David M. Carter sold 4,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total transaction of $151,000.00. Following the completion of the sale, the insider owned 101,691 shares in the company, valued at $3,838,835.25. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Mendoza sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $50.97, for a total value of $101,940.00. Following the sale, the senior vice president owned 65,535 shares of the company's stock, valued at approximately $3,340,318.95. The trade was a 2.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,786 shares of company stock valued at $4,102,682 over the last 90 days. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Down 0.6%

Shares of KTOS traded down $0.39 during midday trading on Wednesday, hitting $68.75. The company had a trading volume of 5,173,230 shares, compared to its average volume of 4,901,829. The company's 50-day simple moving average is $50.52 and its 200-day simple moving average is $38.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The firm has a market capitalization of $11.60 billion, a P/E ratio of 687.57 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 1 year low of $19.69 and a 1 year high of $71.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $351.50 million during the quarter, compared to analysts' expectations of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%. The business's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Kratos Defense & Security Solutions Profile

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.