Charles Schwab Investment Management Inc. Acquires 14,588 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,513,437 shares of the aerospace company’s stock after purchasing an additional 14,588 shares during the period. Charles Schwab Investment Management Inc. owned 1.00% of Kratos Defense & Security Solutions worth $39,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings 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 holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 621 shares in the last quarter. Hemington Wealth Management raised its position 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 during the last quarter. VisionPoint Advisory Group LLC boosted its position in Kratos Defense & Security Solutions by 7.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock valued at $249,000 after buying an additional 655 shares during the last quarter. Finally, Wealth Quarterback LLC increased its stake in shares of Kratos Defense & Security Solutions by 5.1% in the 4th quarter. Wealth Quarterback LLC now owns 14,706 shares of the aerospace company’s stock valued at $388,000 after buying an additional 708 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KTOS has been the topic of several research reports. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group upped their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.00.

Insiders Place Their Bets

In related news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the transaction, the insider now directly owns 103,430 shares in the company, valued at approximately $2,739,860.70. The trade was a 3.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction that occurred 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 transaction, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,181 shares of company stock worth $3,256,346 over the last ninety days. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $30.43 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The firm has a fifty day moving average of $30.20 and a 200-day moving average of $26.74. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 304.33 and a beta of 1.12.

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.