16,935 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,935 shares of the aerospace company’s stock, valued at approximately $447,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in Kratos Defense & Security Solutions by 6.1% in the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after purchasing an additional 233,051 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after buying an additional 29,278 shares during the period. Franklin Resources Inc. lifted its position in shares of Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after buying an additional 304,088 shares during the last quarter. American Capital Management Inc. lifted its position in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after buying an additional 305,925 shares during the last quarter. Finally, Portolan Capital Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 9.0% during the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock worth $41,398,000 after acquiring an additional 146,319 shares during the period. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the sale, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was 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 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 115,181 shares of company stock worth $3,256,346 over the last ninety days. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Trading Up 1.9 %

Kratos Defense & Security Solutions stock opened at $29.60 on Thursday. 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 fifty-two week low of $16.78 and a fifty-two week high of $35.66. The stock has a market cap of $4.52 billion, a P/E ratio of 296.03 and a beta of 1.12. The firm’s fifty day moving average price is $30.08 and its 200-day moving average price is $26.63.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KTOS shares. Royal Bank of Canada dropped their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised 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 report on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $35.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.