Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 14.8% in the third quarter, HoldingsChannel reports. The fund owned 24,295 shares of the aerospace company’s stock after acquiring an additional 3,134 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $566,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. grew its stake in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares during the period. MFA Wealth Advisors LLC purchased a new position in Kratos Defense & Security Solutions during the second quarter valued at $30,000. PNC Financial Services Group Inc. grew its position 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 purchasing an additional 1,226 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $36,000. Finally, EntryPoint Capital LLC raised its position in shares of 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 purchasing an additional 1,506 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the completion of the transaction, the insider now owns 23,848 shares of the company’s stock, valued at approximately $593,338.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,091 shares of company stock worth $1,476,671. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 1.0 %

Shares of KTOS opened at $24.20 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.36 and a 52-week high of $25.91. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $21.32. The company has a market capitalization of $3.65 billion, a PE ratio of 345.71 and a beta of 1.02.

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

Analyst Ratings Changes

Several research firms recently issued reports on KTOS. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reissued a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus 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.