Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is Register Financial Advisors LLC's 4th Largest Position

Register Financial Advisors LLC lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,404 shares of the aerospace company's stock after buying an additional 32,650 shares during the period. Kratos Defense & Security Solutions makes up approximately 3.5% of Register Financial Advisors LLC's portfolio, making the stock its 4th biggest holding. Register Financial Advisors LLC owned 0.15% of Kratos Defense & Security Solutions worth $6,752,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Kratos Defense & Security Solutions by 17.5% during the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock worth $7,808,000 after acquiring an additional 44,048 shares during the period. Robertson Stephens Wealth Management LLC increased its position in shares of Kratos Defense & Security Solutions by 27.4% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company's stock valued at $1,149,000 after purchasing an additional 8,319 shares during the last quarter. Veracity Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $471,000. Moran Wealth Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $447,000. Finally, Meitav Investment House Ltd. bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at about $390,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded down $2.86 during mid-day trading on Tuesday, hitting $40.77. The company had a trading volume of 4,895,567 shares, compared to its average volume of 1,822,676. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $46.52. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 313.64 and a beta of 0.99. The stock's 50-day moving average price is $36.84 and its 200-day moving average price is $32.16.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results 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. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial lifted 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 report on Thursday, April 17th. Royal Bank Of Canada lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Noble Financial upped their price objective on 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. Benchmark raised their target price on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 2,419 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $41.87, for a total value of $101,283.53. Following the sale, the senior vice president now directly owns 67,488 shares of the company's stock, valued at $2,825,722.56. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $42.16, for a total transaction of $252,960.00. Following the sale, the insider now owns 276,085 shares of the company's stock, valued at approximately $11,639,743.60. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,572 shares of company stock valued at $5,251,396. Company insiders own 2.37% of the company's stock.

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.