Leonteq Securities AG Invests $813,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Leonteq Securities AG purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,713 shares of the aerospace company’s stock, valued at approximately $813,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KTOS. Royal Bank of Canada raised its holdings in shares of Kratos Defense & Security Solutions by 22.6% in the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock worth $5,655,000 after buying an additional 35,098 shares during the period. Amundi purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth approximately $791,000. NewEdge Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 64.4% in the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Kratos Defense & Security Solutions by 178.0% in the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after buying an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kratos Defense & Security Solutions by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock worth $11,686,000 after buying an additional 41,265 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director William A. Hoglund sold 30,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $71.19, for a total value of $2,171,295.00. Following the transaction, the director directly owned 252,500 shares in the company, valued at approximately $17,975,475. This trade represents a 10.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 16th. The shares were sold at an average price of $89.07, for a total value of $578,955.00. Following the completion of the transaction, the insider owned 234,292 shares in the company, valued at $20,868,388.44. This represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 170,540 shares of company stock worth $13,138,275. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Citizens Jmp dropped their price objective on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. BTIG Research dropped their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, KeyCorp increased their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.28.

Kratos Defense & Security Solutions Stock Up 2.8%

Shares of NASDAQ:KTOS opened at $56.18 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $34.97 and a 52-week high of $134.00. The stock has a market cap of $10.53 billion, a P/E ratio of 330.47 and a beta of 1.06. The business’s 50 day moving average is $69.02 and its 200 day moving average is $81.82. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. During the same period last year, the business posted $0.12 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.