Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,719,508 shares of the aerospace company’s stock after purchasing an additional 701,216 shares during the period. Vanguard Group Inc. owned about 0.10% of Kratos Defense & Security Solutions worth $388,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in KTOS. Jones Financial Companies Lllp increased 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 valued at $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $53,000. SBI Securities Co. Ltd. purchased a new position in Kratos Defense & Security Solutions during the fourth quarter worth approximately $55,000. Finally, MRP Capital Investments LLC grew its holdings in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Up 6.3 %

KTOS opened at $31.16 on Thursday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 311.63 and a beta of 1.12. The company’s 50 day simple moving average is $30.06 and its two-hundred day simple moving average is $27.58. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KTOS. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased 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. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Monday. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, 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 report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $28.96, for a total value of $115,840.00. Following the completion of the sale, the insider now owns 57,267 shares of the company’s stock, valued at $1,658,452.32. This represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the sale, the insider now directly owns 12,215 shares in the company, valued at approximately $331,515.10. The trade was a 41.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,196 shares of company stock valued at $2,903,610. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions 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.