Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by MRA Advisory Group

MRA Advisory Group boosted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 44.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,586 shares of the aerospace company's stock after acquiring an additional 7,607 shares during the period. MRA Advisory Group's holdings in Kratos Defense & Security Solutions were worth $730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in 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 valued at $31,000 after acquiring an additional 700 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management boosted its position in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at $53,000. Finally, SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at $55,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 5,786 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total value 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. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the completion of the sale, the chief financial officer now directly owns 331,271 shares in the company, valued at approximately $9,699,614.88. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,184 shares of company stock worth $5,149,125 in the last 90 days. 2.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KTOS. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank of Canada boosted 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. Benchmark lifted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

Kratos Defense & Security Solutions Stock Up 0.3%

Kratos Defense & Security Solutions stock traded up $0.12 during trading on Monday, reaching $40.59. The stock had a trading volume of 3,159,145 shares, compared to its average volume of 1,734,886. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $41.47. The business has a 50 day moving average price of $34.44 and a 200 day moving average price of $31.08. The stock has a market cap of $6.23 billion, a PE ratio of 405.94 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS 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.