SteelPeak Wealth LLC Has $988,000 Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

SteelPeak Wealth LLC grew its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 49.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,445 shares of the aerospace company's stock after acquiring an additional 12,373 shares during the period. SteelPeak Wealth LLC's holdings in Kratos Defense & Security Solutions were worth $988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KTOS. Cubist Systematic Strategies LLC bought a new position in Kratos Defense & Security Solutions during the second quarter valued at about $107,000. AQR Capital Management LLC increased its position in Kratos Defense & Security Solutions by 125.2% in the second quarter. AQR Capital Management LLC now owns 37,116 shares of the aerospace company's stock worth $743,000 after purchasing an additional 20,635 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Kratos Defense & Security Solutions by 13.2% in the second quarter. The Manufacturers Life Insurance Company now owns 77,516 shares of the aerospace company's stock valued at $1,551,000 after acquiring an additional 9,032 shares during the last quarter. Algert Global LLC bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at about $302,000. Finally, Creative Planning boosted its stake in Kratos Defense & Security Solutions by 57.6% during the 2nd quarter. Creative Planning now owns 24,540 shares of the aerospace company's stock worth $491,000 after acquiring an additional 8,969 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on KTOS shares. JMP Securities boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Monday, November 11th. Jefferies Financial Group increased their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Truist Financial upped 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. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.30.

Kratos Defense & Security Solutions Price Performance

KTOS traded up $0.90 during trading hours on Thursday, hitting $33.65. The company's stock had a trading volume of 1,226,426 shares, compared to its average volume of 2,418,604. 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, Inc. has a 12 month low of $16.71 and a 12 month high of $35.66. The business's 50-day moving average price is $28.80 and its 200-day moving average price is $25.02. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 336.53 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released 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). The business had revenue of $275.90 million during the quarter, compared to analysts' expectations of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period last year, the company earned $0.08 earnings per share. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $137,760.00. Following the completion of the transaction, the chief financial officer now directly owns 273,881 shares in the company, valued at $6,288,307.76. The trade was a 2.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the sale, the insider now directly owns 365,461 shares in the company, valued at $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,428 shares of company stock valued at $2,725,696. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Company 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.