Stephens Inc. AR Acquires 3,975 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Stephens Inc. AR grew its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 16.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,451 shares of the aerospace company’s stock after purchasing an additional 3,975 shares during the quarter. Stephens Inc. AR’s holdings in Kratos Defense & Security Solutions were worth $724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $53,000. Contravisory Investment Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 229.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth $100,000. 75.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.51, for a total transaction of $185,570.00. Following the completion of the sale, the insider now directly owns 349,406 shares of the company’s stock, valued at $9,262,753.06. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the sale, the insider now directly owns 103,430 shares of the company’s stock, valued at approximately $2,739,860.70. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,044 shares of company stock valued at $2,576,338 in the last ninety days. 2.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group increased their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Truist Financial increased their target price 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, JMP Securities increased their target price on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $28.56 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 stock’s fifty day simple moving average is $30.03 and its two-hundred day simple moving average is $25.80. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The stock has a market cap of $4.33 billion, a PE ratio of 285.63 and a beta of 1.10.

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.