Raymond James Financial Inc. Invests $28.94 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Raymond James Financial Inc. acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 4th quarter, Holdings Channel reports. The fund acquired 1,097,199 shares of the aerospace company’s stock, valued at approximately $28,944,000.

Several other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in shares of Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after acquiring an additional 233,051 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 0.8% during the 3rd 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. raised its holdings in 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 period. American Capital Management Inc. raised its holdings in 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 period. Finally, Portolan Capital Management LLC raised its holdings in 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 valued at $41,398,000 after buying an additional 146,319 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the transaction, the insider now owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. This represents a 48.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,181 shares of company stock valued at $3,256,346. 2.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on KTOS shares. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada decreased their price target on 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. Jefferies Financial Group increased their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Finally, Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $30.43 on Friday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $30.20 and its two-hundred day moving average is $26.71. The company has a market capitalization of $4.65 billion, a PE ratio of 304.33 and a beta of 1.12.

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.