Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,208 shares of the aerospace company’s stock after buying an additional 4,466 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KTOS. MassMutual Private Wealth & Trust FSB lifted its position in Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $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% during 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 in the last quarter. Hemington Wealth Management increased its stake in shares of Kratos Defense & Security Solutions by 86.6% during 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 in the last quarter. Capital Advisors Ltd. LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

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

Kratos Defense & Security Solutions Trading Up 0.3%

Kratos Defense & Security Solutions stock opened at $40.47 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $34.25 and a two-hundred day moving average price of $30.91. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 404.74 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $41.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS) 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 during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the sale, the chief financial officer now owns 331,271 shares in the company, valued at $9,699,614.88. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $37.75, for a total transaction of $151,000.00. Following the completion of the transaction, the insider now owns 101,691 shares in the company, valued at approximately $3,838,835.25. This represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,184 shares of company stock valued at $5,149,125 over the last ninety days. 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.