MinichMacGregor Wealth Management LLC Buys Shares of 192,852 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MinichMacGregor Wealth Management LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 192,852 shares of the aerospace company's stock, valued at approximately $5,726,000. MinichMacGregor Wealth Management LLC owned about 0.13% of Kratos Defense & Security Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KTOS. Rovida Investment Management Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $46,789,000. Raymond James Financial Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $28,944,000. Lord Abbett & CO. LLC boosted its stake in shares of Kratos Defense & Security Solutions by 140.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock valued at $42,201,000 after purchasing an additional 934,455 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 435.3% during the fourth quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock worth $24,893,000 after purchasing an additional 767,345 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after buying an additional 701,216 shares during the period. Institutional investors own 75.92% of the company's stock.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 5,786 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $33.11, for a total transaction of $191,574.46. Following the completion of the sale, the insider now owns 15,332 shares in the company, valued at $507,642.52. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $42.16, for a total value of $252,960.00. Following the completion of the transaction, the insider now owns 276,085 shares in the company, valued at approximately $11,639,743.60. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,572 shares of company stock worth $5,251,396 in the last quarter. Company insiders own 2.37% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on KTOS. Royal Bank Of Canada lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Noble Financial raised 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 research note on Tuesday, June 17th. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.78.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $43.11 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 331.64 and a beta of 0.99. The company's fifty day simple moving average is $36.47 and its 200 day simple moving average is $31.96. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $44.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the business earned $0.11 EPS. The firm's revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions Company 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.

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