US Bancorp DE Buys 3,452 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

US Bancorp DE lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,169 shares of the aerospace company’s stock after acquiring an additional 3,452 shares during the period. US Bancorp DE’s holdings in Kratos Defense & Security Solutions were worth $558,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares during the period. State of New Jersey Common Pension Fund D lifted its position in Kratos Defense & Security Solutions by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 87,847 shares of the aerospace company’s stock worth $2,047,000 after acquiring an additional 1,060 shares during the period. GSA Capital Partners LLP acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $607,000. Victory Capital Management Inc. lifted its position in Kratos Defense & Security Solutions by 27.0% during the 3rd quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock worth $560,000 after acquiring an additional 5,101 shares during the period. Finally, MQS Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $205,000. 75.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on KTOS. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Truist Financial boosted their target price 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. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on 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, Jefferies Financial Group upped their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $29.06 on Wednesday. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 290.63 and a beta of 1.12. The business’s 50 day moving average is $30.01 and its two-hundred day moving average is $26.61. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00. Following the transaction, the senior vice president now directly owns 55,631 shares in the company, valued at approximately $1,555,442.76. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the sale, the insider now directly owns 365,461 shares of the company’s stock, valued at $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,181 shares of company stock valued at $3,256,346. Insiders own 2.27% of the company’s stock.

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.