Wealth Enhancement Advisory Services LLC Makes New $594,000 Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Wealth Enhancement Advisory Services LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,010 shares of the aerospace company's stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. 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 valued at $31,000 after buying an additional 700 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of 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 valued at $34,000 after acquiring an additional 610 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $55,000. MRP Capital Investments LLC boosted its holdings in shares of 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 worth $59,000 after buying an additional 500 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 653.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company's stock worth $70,000 after buying an additional 2,307 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $42.16, for a total value of $252,960.00. Following the transaction, the insider directly owned 276,085 shares of the company's stock, valued at approximately $11,639,743.60. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 2,419 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $41.87, for a total transaction of $101,283.53. Following the completion of the transaction, the senior vice president directly owned 67,488 shares in the company, valued at $2,825,722.56. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,572 shares of company stock worth $5,373,706. Corporate insiders own 2.37% of the company's stock.

Analysts Set New Price Targets

KTOS has been the subject of several research analyst reports. Stifel Nicolaus set a $54.00 target price on shares of Kratos Defense & Security Solutions and gave the stock a "buy" rating in a report on Thursday. Noble Financial boosted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Benchmark boosted their target price on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, June 30th. Finally, Royal Bank Of Canada upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

Kratos Defense & Security Solutions Trading Up 3.1%

Shares of NASDAQ KTOS opened at $44.61 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $47.09. The firm has a 50 day moving average price of $38.60 and a two-hundred day moving average price of $33.05. The stock has a market cap of $6.84 billion, a P/E ratio of 343.14 and a beta of 1.06.

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. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The company had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same period in the prior year, the firm posted $0.11 EPS. The company's quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

About Kratos Defense & Security Solutions

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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