Jones Financial Companies Lllp Acquires 610 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Jones Financial Companies Lllp lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 90.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,284 shares of the aerospace company’s stock after buying an additional 610 shares during the quarter. Jones Financial Companies Lllp’s holdings in Kratos Defense & Security Solutions were worth $34,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KTOS. Victory Capital Management Inc. boosted its position in Kratos Defense & Security Solutions by 27.0% during the 3rd quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock valued at $560,000 after buying an additional 5,101 shares during the period. KBC Group NV boosted its position in Kratos Defense & Security Solutions by 23.7% during the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after buying an additional 976 shares during the period. Natixis Advisors LLC boosted its position in Kratos Defense & Security Solutions by 16.7% during the 3rd quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock valued at $415,000 after buying an additional 2,546 shares during the period. Pathstone Holdings LLC boosted its position in Kratos Defense & Security Solutions by 12.0% during the 3rd quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company’s stock valued at $1,908,000 after buying an additional 8,799 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

KTOS has been the subject of several analyst reports. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Truist Financial increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Trading Up 4.2 %

NASDAQ:KTOS opened at $32.56 on Thursday. The company has a 50-day moving average price of $30.37 and a 200-day moving average price of $26.93. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.03 and a 12 month high of $35.66. 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 market cap of $4.98 billion, a price-to-earnings ratio of 325.63 and a beta of 1.12.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 2,031 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now directly owns 69,288 shares of the company’s stock, valued at $2,172,871.68. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $25.98, for a total transaction of $181,860.00. Following the transaction, the insider now directly owns 342,407 shares of the company’s stock, valued at approximately $8,895,733.86. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 in the last three months. Company 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.