Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Holdings Boosted by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,754 shares of the aerospace company’s stock after buying an additional 5,550 shares during the period. Kratos Defense & Security Solutions makes up about 2.6% of Register Financial Advisors LLC’s portfolio, making the stock its 5th biggest holding. Register Financial Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $5,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KTOS. Canada Pension Plan Investment Board bought a new position in Kratos Defense & Security Solutions during the second quarter valued at approximately $212,000. Sei Investments Co. raised its position in Kratos Defense & Security Solutions by 57.7% during the second quarter. Sei Investments Co. now owns 491,391 shares of the aerospace company’s stock valued at $9,833,000 after purchasing an additional 179,797 shares during the period. Marshall Wace LLP raised its position in Kratos Defense & Security Solutions by 393.1% during the second quarter. Marshall Wace LLP now owns 282,053 shares of the aerospace company’s stock valued at $5,644,000 after purchasing an additional 224,850 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $107,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $61,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Trading Down 1.3 %

KTOS opened at $34.13 on Monday. The stock’s fifty day moving average is $28.30 and its two-hundred day moving average is $24.79. The company has a market capitalization of $5.16 billion, a P/E ratio of 341.33 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same quarter in the previous year, the business earned $0.08 earnings per share. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KTOS shares. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities upped their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group upped their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.30.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the insider now owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. This trade represents a 7.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $22.96, for a total value of $137,760.00. Following the sale, the chief financial officer now directly owns 273,881 shares in the company, valued at $6,288,307.76. This trade represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,428 shares of company stock valued at $2,493,576. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Company 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.