Kratos Defense & Security Solutions, Inc. $KTOS Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 30.6% during the 3rd quarter, Holdings Channel reports. The fund owned 66,387 shares of the aerospace company’s stock after purchasing an additional 15,573 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $6,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of KTOS. State of Alaska Department of Revenue increased its stake in Kratos Defense & Security Solutions by 15.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock valued at $4,552,000 after buying an additional 13,345 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 22.2% in the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after acquiring an additional 818,104 shares in the last quarter. Trivium Point Advisory LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 25.0% in the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock valued at $1,041,000 after acquiring an additional 4,483 shares in the last quarter. Alpha Wealth Funds LLC acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $227,000. Finally, Empowered Funds LLC bought a new stake in Kratos Defense & Security Solutions during the second quarter worth approximately $4,999,000. Institutional investors own 75.92% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jonah Adelman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the sale, the insider owned 9,348 shares in the company, valued at $699,230.40. The trade was a 76.24% 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, CFO Deanna H. Lund sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.08, for a total transaction of $2,222,400.00. Following the completion of the sale, the chief financial officer owned 273,285 shares of the company’s stock, valued at approximately $20,244,952.80. This trade represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 659,865 shares of company stock valued at $50,524,536 over the last 90 days. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Up 13.4%

Shares of Kratos Defense & Security Solutions stock opened at $89.93 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $112.57. The firm has a market capitalization of $15.18 billion, a PE ratio of 691.82 and a beta of 1.09. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $77.32 and its 200-day moving average is $71.49.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.Kratos Defense & Security Solutions’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KTOS. Truist Financial increased their price target on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BTIG Research raised their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. KeyCorp initiated coverage on Kratos Defense & Security Solutions in a report on Thursday, December 18th. They set an “overweight” rating and a $90.00 target price on the stock. BNP Paribas Exane began coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 price target for the company. Finally, JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.