SteelPeak Wealth LLC Makes New $853,000 Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SteelPeak Wealth LLC purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,399 shares of the aerospace company’s stock, valued at approximately $853,000.

Several other large investors have also recently made changes to their positions in the business. TFO Wealth Partners LLC increased its stake in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares during the period. NBC Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at $33,000. PNC Financial Services Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $47,000. Finally, Gables Capital Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 87.5% during the 4th quarter. Gables Capital Management Inc. now owns 3,000 shares of the aerospace company’s stock valued at $61,000 after buying an additional 1,400 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.04 during midday trading on Friday, hitting $20.01. The stock had a trading volume of 4,160,527 shares, compared to its average volume of 941,300. The firm’s fifty day moving average is $20.06 and its two-hundred day moving average is $19.06. The company has a market capitalization of $3.00 billion, a PE ratio of 76.96 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 52-week low of $13.13 and a 52-week high of $22.77. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The business had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. During the same period in the prior year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $20.00 to $27.00 in a research report on Friday, April 26th. Royal Bank of Canada boosted their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday. They set a “neutral” rating for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $21.09, for a total value of $147,630.00. Following the completion of the transaction, the insider now directly owns 384,160 shares in the company, valued at approximately $8,101,934.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief financial officer now directly owns 310,001 shares in the company, valued at approximately $6,200,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $21.09, for a total value of $147,630.00. Following the transaction, the insider now owns 384,160 shares of the company’s stock, valued at $8,101,934.40. The disclosure for this sale can be found here. Insiders sold 159,720 shares of company stock worth $3,391,521 in the last three months. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.