Total Wealth Planning & Management Inc. Invests $281,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Total Wealth Planning & Management Inc. purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,656 shares of the aerospace company's stock, valued at approximately $281,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 worth $388,301,000 after purchasing an additional 701,216 shares during the last quarter. FMR LLC raised its stake in shares of Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after purchasing an additional 307,907 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after purchasing an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Kratos Defense & Security Solutions by 9.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock worth $54,845,000 after purchasing an additional 172,030 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded up $0.40 on Friday, reaching $36.83. The company's stock had a trading volume of 2,235,600 shares, compared to its average volume of 1,689,126. The company has a market capitalization of $5.65 billion, a P/E ratio of 368.34 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $39.16. The stock has a 50-day moving average price of $33.34 and a 200-day moving average price of $30.41. 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 (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS 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 analysts' expectations 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 was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KTOS shares. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Royal Bank of Canada raised their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Benchmark lifted their price target on 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. Finally, Truist Financial lifted 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and an average target price of $36.75.

Insider Activity

In other news, insider Jonah Adelman sold 40,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 directly owns 39,348 shares in the company, valued at $1,328,388.48. The trade was a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven S. Fendley sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $36.74, for a total value of $367,400.00. Following the completion of the sale, the insider now directly owns 367,502 shares in the company, valued at $13,502,023.48. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,617 shares of company stock worth $5,284,921 over the last three months. 2.37% of the stock is currently owned by corporate insiders.

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.