BXM Wealth LLC Purchases Shares of 14,690 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

BXM Wealth LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,690 shares of the aerospace company’s stock, valued at approximately $388,000.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. Hemington Wealth Management raised its holdings in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 229.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after buying an additional 2,500 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTOS has been the topic of a number of research reports. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Five 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.30.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $27.16 on Friday. The firm has a market cap of $4.10 billion, a PE ratio of 271.63 and a beta of 1.10. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $30.05 and a 200-day moving average price of $25.82. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the transaction, the insider now directly owns 12,315 shares in the company, valued at $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,044 shares of company stock worth $2,576,338. Insiders own 2.27% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.