NBC Securities Inc. Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,834 shares of the aerospace company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. TFO Wealth Partners LLC increased its holdings 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 valued at $25,000 after buying an additional 1,208 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 222.5% during 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 last quarter. Headlands Technologies LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $47,000. Gables Capital Management Inc. increased its stake in Kratos Defense & Security Solutions by 87.5% in the 4th quarter. Gables Capital Management Inc. now owns 3,000 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel raised its holdings in Kratos Defense & Security Solutions by 569.8% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 3,463 shares of the aerospace company’s stock worth $71,000 after buying an additional 2,946 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $18.76, for a total value of $131,320.00. Following the completion of the sale, the insider now directly owns 423,098 shares in the company, valued at approximately $7,937,318.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Bradley L. Boyd sold 1,720 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $21.64, for a total value of $37,220.80. Following the sale, the director now directly owns 3,280 shares of the company’s stock, valued at $70,979.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $18.76, for a total value of $131,320.00. Following the transaction, the insider now directly owns 423,098 shares of the company’s stock, valued at approximately $7,937,318.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,720 shares of company stock worth $3,243,891. 2.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KTOS has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Royal Bank of Canada boosted their target price on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. JMP Securities began coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 target price for the company. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. Finally, Jefferies Financial Group decreased their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Kratos Defense & Security Solutions Trading Down 0.8 %

NASDAQ:KTOS opened at $20.48 on Tuesday. The company has a market capitalization of $3.07 billion, a P/E ratio of 77.54 and a beta of 1.05. The stock’s 50 day moving average price is $19.88 and its 200 day moving average price is $19.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $13.13 and a 52 week high of $22.77.

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

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.