Mission Wealth Management LP Acquires Shares of 20,005 Kratos Defense & Security Solutions, Inc. $KTOS

Mission Wealth Management LP bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,005 shares of the aerospace company’s stock, valued at approximately $1,828,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KTOS. CWM LLC grew its stake in Kratos Defense & Security Solutions by 3.8% in the second quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock worth $219,000 after purchasing an additional 171 shares in the last quarter. NewEdge Advisors LLC raised its position in Kratos Defense & Security Solutions by 15.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 200 shares in the last quarter. USA Financial Formulas lifted its holdings in shares of Kratos Defense & Security Solutions by 15.7% in the 3rd quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company’s stock worth $152,000 after buying an additional 225 shares during the period. MRP Capital Investments LLC grew its position in shares of Kratos Defense & Security Solutions by 11.1% during the 2nd quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company’s stock worth $116,000 after buying an additional 250 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of Kratos Defense & Security Solutions by 0.7% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 38,965 shares of the aerospace company’s stock worth $1,810,000 after buying an additional 275 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

KTOS stock opened at $103.37 on Wednesday. Kratos Defense & Security Solutions, Inc. has a one year low of $23.90 and a one year high of $134.00. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 795.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The firm has a 50-day simple moving average of $91.92 and a two-hundred day simple moving average of $81.24.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The firm had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KTOS. B. Riley lifted their price objective on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a report on Friday, January 9th. Canaccord Genuity Group raised their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. KeyCorp increased their price objective on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.28.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $123.30, for a total value of $801,450.00. Following the transaction, the insider directly owned 219,741 shares of the company’s stock, valued at approximately $27,094,065.30. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacey G. Rock sold 16,568 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $116.74, for a total value of $1,934,148.32. Following the sale, the insider owned 26,487 shares of the company’s stock, valued at approximately $3,092,092.38. This represents a 38.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 911,815 shares of company stock valued at $74,483,631 over the last quarter. Insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

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.