Register Financial Advisors LLC Has $6.75 Million Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Register Financial Advisors LLC increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,404 shares of the aerospace company's stock after purchasing an additional 32,650 shares during the quarter. Kratos Defense & Security Solutions accounts for 3.5% of Register Financial Advisors LLC's investment portfolio, making the stock its 4th biggest position. Register Financial Advisors LLC owned 0.15% of Kratos Defense & Security Solutions worth $6,752,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in Kratos Defense & Security Solutions by 202.3% in 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 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 buying an additional 610 shares during the period. Capital Advisors Ltd. LLC purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth $53,000. SBI Securities Co. Ltd. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $55,000. Finally, MRP Capital Investments LLC boosted its position in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after buying an additional 500 shares during the period. 75.92% of the stock is owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Jonah Adelman sold 40,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the transaction, the insider now owns 39,348 shares in the company, valued at $1,328,388.48. This represents a 50.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $29.45, for a total value of $206,150.00. Following the transaction, the insider now directly owns 404,133 shares in the company, valued at $11,901,716.85. The trade was a 1.70% 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 valued at $5,251,396 over the last ninety days. Insiders own 2.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KTOS. Benchmark boosted 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 report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Truist Financial upped their price target on 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. 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 boosted their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued 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 opened at $43.11 on Friday. The firm has a market cap of $6.61 billion, a PE ratio of 331.64 and a beta of 0.99. The stock has a 50-day moving average price of $36.47 and a 200-day moving average price of $31.93. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $44.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

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, beating analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. Kratos Defense & Security Solutions's revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal 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.

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