Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 56.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,923 shares of the aerospace company's stock after buying an additional 6,445 shares during the period. Trivium Point Advisory LLC's holdings in Kratos Defense & Security Solutions were worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $29,000. Larson Financial Group LLC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $30,000. Aspect Partners LLC raised its stake in 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 buying an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in 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 buying an additional 700 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $69.12 on Friday. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $19.95 and a 52-week high of $72.70. The business's 50-day moving average price is $51.09 and its 200 day moving average price is $38.60. The firm has a market cap of $11.67 billion, a P/E ratio of 691.27 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%. The firm had revenue of $351.50 million for the quarter, compared to analyst estimates of $305.67 million. During the same quarter last year, the company posted $0.14 earnings per share. The business's revenue was up 17.1% on a year-over-year basis. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KTOS shares. B. Riley restated a "buy" rating and issued a $72.00 price target (up from $55.00) on shares of Kratos Defense & Security Solutions in a research note on Monday. Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. JPMorgan Chase & Co. raised their price objective on 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, Canaccord Genuity Group set a $74.00 price objective on Kratos Defense & Security Solutions and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.64.

Insider Activity

In related news, Director Bobbi Doorenbos sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the director owned 5,000 shares of the company's stock, valued at $175,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 6,567 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $37.75, for a total value of $247,904.25. Following the transaction, the chief financial officer directly owned 318,766 shares in the company, valued at approximately $12,033,416.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,786 shares of company stock valued at $3,900,302. 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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