HighTower Advisors LLC Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

HighTower Advisors LLC acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,022 shares of the aerospace company’s stock, valued at approximately $238,000.

Several other large investors have also recently bought and sold shares of KTOS. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 90.5% during 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 during the last quarter. Hemington Wealth Management lifted its holdings in shares of 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 valued at $35,000 after acquiring an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. SBI Securities Co. Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $55,000. Finally, Rothschild Investment LLC boosted its position in Kratos Defense & Security Solutions by 370.0% in the 4th quarter. Rothschild Investment LLC now owns 2,585 shares of the aerospace company’s stock valued at $68,000 after buying an additional 2,035 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. 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 lifted their price objective 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. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $31.16 on Thursday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week 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. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 311.63 and a beta of 1.12. The company has a 50 day simple moving average of $30.06 and a 200-day simple moving average of $27.58.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the sale, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total value of $206,150.00. Following the transaction, the insider now owns 404,133 shares of the company’s stock, valued at approximately $11,901,716.85. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,196 shares of company stock valued at $2,903,610. 2.27% of the stock is owned by insiders.

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.