MRA Advisory Group Increases Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MRA Advisory Group increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,586 shares of the aerospace company's stock after buying an additional 7,607 shares during the quarter. MRA Advisory Group's holdings in Kratos Defense & Security Solutions were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Summit Investment Advisors Inc. lifted its holdings in Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 490 shares during the period. MRP Capital Investments LLC lifted its holdings in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 500 shares during the period. Arizona State Retirement System lifted its holdings in Kratos Defense & Security Solutions by 1.4% in the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after acquiring an additional 586 shares during the period. Jones Financial Companies Lllp raised its holdings in Kratos Defense & Security Solutions by 90.5% in the 4th 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 during the period. Finally, Hemington Wealth Management raised its holdings in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after purchasing an additional 631 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $40.36 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $40.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock's 50 day simple moving average is $34.02 and its 200 day simple moving average is $30.80. The stock has a market cap of $6.19 billion, a P/E ratio of 403.64 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

KTOS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Benchmark increased their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial increased their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Royal Bank of Canada increased their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider David M. Carter sold 4,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total value of $151,000.00. Following the completion of the sale, the insider now directly owns 101,691 shares in the company, valued at approximately $3,838,835.25. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonah Adelman sold 40,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the sale, the insider now owns 39,348 shares of the company's stock, valued at approximately $1,328,388.48. This represents a 50.41% 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 ninety days. Insiders own 2.37% of the company's stock.

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.

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