One Plus One Wealth Management LLC Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

One Plus One Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,061 shares of the aerospace company’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Kratos Defense & Security Solutions by 45.3% during the 4th quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock valued at $34,087,000 after acquiring an additional 402,588 shares during the period. American Capital Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after purchasing an additional 305,925 shares during the last quarter. Franklin Resources Inc. lifted its position in Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth approximately $6,310,000. Finally, FMR LLC grew its position in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after purchasing an additional 233,051 shares during the period. Institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the transaction, the senior vice president now owns 55,631 shares of the company’s stock, valued at $1,555,442.76. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the sale, the insider now owns 12,315 shares of the company’s stock, valued at $344,573.70. This represents a 48.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,428 shares of company stock valued at $2,686,406 over the last three months. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 3.3 %

Kratos Defense & Security Solutions stock opened at $31.01 on Thursday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 310.13 and a beta of 1.10. The firm has a 50 day moving average of $29.97 and a 200 day moving average of $25.77. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. JMP Securities upped their price target on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.30.

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.