Bank of New York Mellon Corp Has $31.59 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bank of New York Mellon Corp lessened its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,197,405 shares of the aerospace company’s stock after selling 25,618 shares during the period. Bank of New York Mellon Corp owned 0.79% of Kratos Defense & Security Solutions worth $31,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KTOS. Farther Finance Advisors LLC grew its position in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Hemington Wealth Management lifted its holdings in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the period. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. Finally, Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth about $53,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 1.5 %

NASDAQ:KTOS opened at $27.29 on Friday. The company has a market cap of $4.17 billion, a P/E ratio of 272.93 and a beta of 1.12. The stock’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $26.47. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

Several brokerages have commented on KTOS. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on 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. Royal Bank of Canada decreased their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction dated 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 directly owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.96, for a total value of $41,940.00. Following the transaction, the senior vice president now directly owns 55,631 shares in the company, valued at $1,555,442.76. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,181 shares of company stock worth $3,256,346. Corporate 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.