Rhumbline Advisers Cuts Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rhumbline Advisers reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,940 shares of the aerospace company’s stock after selling 3,202 shares during the quarter. Rhumbline Advisers owned 0.15% of Kratos Defense & Security Solutions worth $5,828,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KTOS. Vontobel Holding Ltd. increased its holdings in Kratos Defense & Security Solutions by 65.4% in the 4th quarter. Vontobel Holding Ltd. now owns 15,742 shares of the aerospace company’s stock valued at $415,000 after purchasing an additional 6,226 shares in the last quarter. One Plus One Wealth Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth $371,000. Hemington Wealth Management boosted its stake in shares of Kratos Defense & Security Solutions by 86.6% in 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. Van ECK Associates Corp lifted its stake in shares of Kratos Defense & Security Solutions by 45.3% in the fourth quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock worth $34,087,000 after acquiring an additional 402,588 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Kratos Defense & Security Solutions by 16.9% in the fourth quarter. Stephens Inc. AR now owns 27,451 shares of the aerospace company’s stock valued at $724,000 after purchasing an additional 3,975 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

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, December 2nd. The shares were sold at an average price of $26.73, for a total value of $160,380.00. Following the sale, the chief financial officer now directly owns 267,708 shares in the company, valued at $7,155,834.84. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,181 shares of company stock worth $2,837,986. Company insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial upped 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 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. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $24.96 on Thursday. The stock’s fifty day moving average is $29.86 and its 200-day moving average is $26.17. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 249.62 and a beta of 1.10. 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 one year low of $16.78 and a one year high of $35.66.

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.