Advisory Services Network LLC Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Advisory Services Network LLC acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,739 shares of the aerospace company’s stock, valued at approximately $415,000.

A number of other hedge funds also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares in the last quarter. Hemington Wealth Management raised its holdings in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $53,000. SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $55,000. Finally, MRP Capital Investments LLC grew its position in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Activity 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 Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the completion of the transaction, the chief financial officer now directly owns 331,271 shares in the company, valued at approximately $9,699,614.88. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company’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 value of $232,120.00. Following the completion of the sale, the insider now owns 365,461 shares in the company, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,168 shares of company stock worth $2,327,660 over the last three months. Company insiders own 2.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KTOS. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Truist Financial raised their price target on 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, JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Four 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. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $33.27 on Thursday. The company has a 50 day simple moving average of $29.46 and a two-hundred day simple moving average of $28.18. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 332.73 and a beta of 1.01. 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 $17.05 and a 12 month high of $35.66.

Kratos Defense & Security Solutions Company Profile

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.