Northwestern Mutual Wealth Management Co. Purchases Shares of 5,075 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,075 shares of the aerospace company’s stock, valued at approximately $102,000.

Several other hedge funds have also recently added to or reduced their stakes in KTOS. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares during the period. Bamco Inc. NY lifted its stake in shares of Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after buying an additional 511,538 shares during the period. Dimensional Fund Advisors LP grew its position in Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after buying an additional 136,696 shares in the last quarter. Hood River Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after acquiring an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock worth $50,655,000 after purchasing an additional 19,104 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.0 %

Shares of KTOS opened at $25.16 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 359.43 and a beta of 1.02. The stock has a fifty day moving average price of $22.27 and a two-hundred day moving average price of $20.77. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.36 and a 52-week high of $25.51.

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

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the transaction, the insider now owns 377,322 shares of the company’s stock, valued at approximately $8,557,662.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,633 shares of company stock worth $1,751,317. Corporate insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial reiterated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target 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.