Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,807 shares of the aerospace company’s stock after purchasing an additional 586 shares during the quarter. Arizona State Retirement System’s holdings in Kratos Defense & Security Solutions were worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KTOS. Farther Finance Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the period. Jones Financial Companies Lllp boosted its holdings in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management boosted 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 during the period. Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at $39,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at $53,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KTOS shares. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. 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 research note on Tuesday, January 14th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.00.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the transaction, the insider now owns 370,660 shares of the company’s stock, valued at approximately $9,114,529.40. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the transaction, the insider now directly owns 103,430 shares in the company, valued at $2,739,860.70. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,181 shares of company stock worth $3,256,346. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $29.52 on Friday. 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 company’s 50-day moving average price is $30.14 and its two-hundred day moving average price is $26.65. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The stock has a market cap of $4.51 billion, a PE ratio of 295.23 and a beta of 1.12.

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.