Steward Partners Investment Advisory LLC Buys 2,466 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Steward Partners Investment Advisory LLC lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,331 shares of the aerospace company’s stock after purchasing an additional 2,466 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Kratos Defense & Security Solutions were worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KTOS. Jones Financial Companies Lllp boosted its holdings in Kratos Defense & Security Solutions by 90.5% in the fourth 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 in the last quarter. ORG Partners LLC boosted 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 in the last quarter. Hemington Wealth Management boosted its stake in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in shares of Kratos Defense & Security Solutions by 7.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock worth $249,000 after buying an additional 655 shares in the last quarter. Finally, Wealth Quarterback LLC lifted its stake in shares of Kratos Defense & Security Solutions by 5.1% in the fourth quarter. Wealth Quarterback LLC now owns 14,706 shares of the aerospace company’s stock worth $388,000 after buying an additional 708 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco acquired 9,500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the purchase, the chief executive officer now owns 1,267,482 shares in the company, valued at $33,398,150.70. The trade was a 0.76 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00. Following the sale, the senior vice president now owns 55,631 shares in the company, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,181 shares of company stock worth $3,256,346 in the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $29.18 on Tuesday. The firm’s 50 day moving average price is $29.96 and its 200-day moving average price is $26.57. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month 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 has a market capitalization of $4.46 billion, a PE ratio of 291.83 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KTOS shares. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial upped 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. Finally, StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.