MinichMacGregor Wealth Management LLC Boosts Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

MinichMacGregor Wealth Management LLC increased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 21.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,442 shares of the aerospace company’s stock after acquiring an additional 24,372 shares during the quarter. Kratos Defense & Security Solutions comprises approximately 1.7% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 27th largest holding. MinichMacGregor Wealth Management LLC’s holdings in Kratos Defense & Security Solutions were worth $9,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of KTOS. Royal Bank of Canada boosted its stake in 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 valued at $5,655,000 after acquiring an additional 35,098 shares in the last quarter. Amundi acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $791,000. NewEdge Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 64.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 515 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Kratos Defense & Security Solutions by 178.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 2,286 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kratos Defense & Security Solutions by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after purchasing an additional 41,265 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KTOS shares. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Citizens Jmp reduced their price objective on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. UBS Group reissued a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Piper Sandler lowered their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Jefferies Financial Group set a $80.00 target price on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.35.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $47.95 on Thursday. The stock’s 50-day moving average price is $59.57 and its 200 day moving average price is $78.98. 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 stock has a market capitalization of $8.99 billion, a PE ratio of 282.06 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 52-week low of $39.00 and a 52-week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping 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 company had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $57.93, for a total transaction of $86,895.00. Following the completion of the sale, the senior vice president directly owned 64,447 shares of the company’s stock, valued at $3,733,414.71. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 1st. The shares were sold at an average price of $63.74, for a total transaction of $318,700.00. Following the completion of the transaction, the chief financial officer owned 290,161 shares in the company, valued at approximately $18,494,862.14. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 187,278 shares of company stock valued at $11,731,048. Corporate insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions 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.