Creative Planning Purchases 8,969 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Creative Planning boosted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 57.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,540 shares of the aerospace company’s stock after acquiring an additional 8,969 shares during the quarter. Creative Planning’s holdings in Kratos Defense & Security Solutions were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at $30,000. NBC Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the first quarter worth about $33,000. PNC Financial Services Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $36,000. Finally, EntryPoint Capital LLC grew its position in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 1,506 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 0.2 %

Kratos Defense & Security Solutions stock opened at $25.30 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The stock has a 50-day simple moving average of $22.55 and a 200 day simple moving average of $20.95. The stock has a market capitalization of $3.80 billion, a P/E ratio of 361.43 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.36 and a 52 week high of $25.51.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. Kratos Defense & Security Solutions’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $22.54, for a total value of $135,240.00. Following the transaction, the chief financial officer now directly owns 291,898 shares of the company’s stock, valued at $6,579,380.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 12,396 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $20.19 per share, for a total transaction of $250,275.24. Following the transaction, the chief executive officer now directly owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.54, for a total transaction of $135,240.00. Following the completion of the sale, the chief financial officer now directly owns 291,898 shares in the company, valued at approximately $6,579,380.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,133 shares of company stock worth $1,437,327. Company insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KTOS shares. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Truist Financial restated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

About Kratos Defense & Security Solutions

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.