Hemington Wealth Management Raises Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hemington Wealth Management grew its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 86.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,360 shares of the aerospace company’s stock after purchasing an additional 631 shares during the quarter. Hemington Wealth Management’s holdings in Kratos Defense & Security Solutions were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Quarterback LLC grew its stake in shares of Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 528 shares during the period. ORG Partners LLC raised its stake in Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after acquiring an additional 621 shares during the period. Farther Finance Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. KBC Group NV boosted its position in shares of Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 976 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Kratos Defense & Security Solutions by 1.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 87,847 shares of the aerospace company’s stock worth $2,047,000 after purchasing an additional 1,060 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total transaction of $197,340.00. Following the transaction, the chief financial officer now directly owns 292,873 shares in the company, valued at $9,632,592.97. This trade represents a 2.01 % decrease in their position. The transaction 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 Kratos Defense & Security Solutions stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the sale, the insider now directly owns 106,906 shares of the company’s stock, valued at approximately $3,515,069.28. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,044 shares of company stock worth $2,576,338. Insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KTOS shares. Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research 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 research report on Friday, December 13th. Truist Financial lifted their target price on 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. Finally, JMP Securities upped their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $29.30.

Kratos Defense & Security Solutions Stock Performance

KTOS stock opened at $28.56 on Friday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 285.63 and a beta of 1.10. The business’s fifty day simple moving average is $30.03 and its two-hundred day simple moving average is $25.80. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

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.