Mark Sheptoff Financial Planning LLC Acquires 7,350 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 47.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,850 shares of the aerospace company’s stock after purchasing an additional 7,350 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Kratos Defense & Security Solutions were worth $603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KTOS. MRP Capital Investments LLC grew its stake in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System grew its position in Kratos Defense & Security Solutions by 1.4% during the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after acquiring an additional 586 shares during the last quarter. Jones Financial Companies Lllp grew its position in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares during the last quarter. ORG Partners LLC increased its stake in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares during the period. Finally, Hemington Wealth Management boosted its stake in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares during the period. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KTOS shares. Jefferies Financial Group upped their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Royal Bank of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial increased their price objective 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, JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Up 1.3 %

NASDAQ:KTOS opened at $32.96 on Wednesday. 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 market capitalization of $5.04 billion, a PE ratio of 329.63 and a beta of 1.12. The firm’s 50-day moving average price is $30.49 and its 200-day moving average price is $27.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 8,637 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total value of $234,408.18. Following the sale, the insider now directly owns 12,215 shares of the company’s stock, valued at approximately $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value 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 approximately $2,057,340.60. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,196 shares of company stock worth $3,144,160 in the last 90 days. Insiders own 2.27% of the company’s stock.

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.