Cornell Pochily Investment Advisors Inc. Buys New Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cornell Pochily Investment Advisors Inc. acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,825 shares of the aerospace company's stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock valued at $25,000 after buying an additional 444 shares in the last quarter. Wealth Quarterback LLC lifted its stake in Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company's stock worth $326,000 after purchasing an additional 528 shares during the last quarter. ORG Partners LLC boosted its position in Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after buying an additional 621 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after buying an additional 920 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company's stock worth $119,000 after buying an additional 976 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 1.9 %

KTOS traded down $0.65 during midday trading on Monday, reaching $33.48. The company's stock had a trading volume of 1,862,366 shares, compared to its average volume of 2,526,740. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $35.66. The stock's 50-day moving average is $28.30 and its 200-day moving average is $24.79. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 334.83 and a beta of 1.07. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company had revenue of $275.90 million for the quarter, compared to the consensus estimate of $278.47 million. During the same period last year, the business earned $0.08 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total value of $137,760.00. Following the completion of the sale, the chief financial officer now owns 273,881 shares of the company's stock, valued at approximately $6,288,307.76. This trade represents a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the transaction, the senior vice president now owns 61,782 shares of the company's stock, valued at $2,057,340.60. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 91,428 shares of company stock worth $2,493,576 in the last quarter. Corporate insiders own 2.27% of the company's stock.

Wall Street Analyst Weigh In

KTOS has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.30.

Kratos Defense & Security Solutions 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.