Kratos Defense & Security Solutions, Inc. $KTOS Stock Position Increased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 435.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,011 shares of the aerospace company’s stock after buying an additional 34,973 shares during the period. New Age Alpha Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in shares of Kratos Defense & Security Solutions by 159.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,284 shares of the aerospace company’s stock worth $173,000 after buying an additional 1,404 shares in the last quarter. Darden Wealth Group Inc bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $326,000. EverSource Wealth Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 257.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 787 shares of the aerospace company’s stock worth $60,000 after buying an additional 567 shares in the last quarter. Americana Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 8.8% in the 4th quarter. Americana Partners LLC now owns 11,207 shares of the aerospace company’s stock worth $851,000 after buying an additional 911 shares in the last quarter. Finally, Legato Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 1.1% during the fourth quarter. Legato Capital Management LLC now owns 105,817 shares of the aerospace company’s stock worth $8,033,000 after purchasing an additional 1,146 shares during the period. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

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 transaction of $2,171,295.00. Following the transaction, the director owned 252,500 shares in the company, valued at approximately $17,975,475. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott I. Anderson sold 15,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 16th. The shares were sold at an average price of $89.11, for a total value of $1,336,650.00. Following the transaction, the director owned 51,334 shares in the company, valued at $4,574,372.74. This represents a 22.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,540 shares of company stock valued at $12,490,285 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $56.18 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $34.97 and a 12-month high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $10.53 billion, a PE ratio of 330.47 and a beta of 1.06. The stock’s fifty day moving average is $68.35 and its 200-day moving average is $81.51.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share 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 quarter in the previous year, the company posted $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KTOS. KeyCorp boosted their target price on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. BTIG Research cut their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Canaccord Genuity Group boosted their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group set a $80.00 target price on Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Finally, Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $96.28.

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.