Signaturefd LLC Boosts Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Signaturefd LLC raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,457 shares of the aerospace company’s stock after purchasing an additional 899 shares during the quarter. Signaturefd LLC’s holdings in Kratos Defense & Security Solutions were worth $249,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. 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 valued at $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management raised its holdings 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 worth $35,000 after purchasing an additional 631 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $53,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $55,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $30.81 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. 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 50-day moving average of $30.45 and a 200-day moving average of $27.02. The company has a market capitalization of $4.71 billion, a P/E ratio of 308.13 and a beta of 1.12.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 9,500 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the purchase, the chief executive officer now directly owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the transaction, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at $2,057,340.60. This trade represents a 2.37 % 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 over the last three months. 2.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Jefferies Financial Group increased their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Truist Financial upped their target price on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

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.