Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Boosted by Rothschild Investment LLC

Rothschild Investment LLC raised its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 370.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,585 shares of the aerospace company’s stock after buying an additional 2,035 shares during the period. Rothschild Investment LLC’s holdings in Kratos Defense & Security Solutions were worth $68,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Farther Finance Advisors LLC boosted its stake 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 valued at $25,000 after purchasing an additional 920 shares in the last quarter. Hemington Wealth Management boosted its stake 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 valued at $35,000 after purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at $39,000. Meeder Asset Management Inc. bought a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. Finally, Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions during the 4th quarter valued at $53,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $24.96 on Thursday. The stock has a fifty day moving average of $29.86 and a 200-day moving average of $26.17. The firm has a market capitalization of $3.79 billion, a P/E ratio of 249.62 and a beta of 1.10. 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 quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insider Activity

In other news, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the completion of the sale, the insider now owns 12,315 shares in the company, valued at $344,573.70. This represents a 48.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the sale, the insider now owns 370,660 shares of the company’s stock, valued at approximately $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,181 shares of company stock worth $2,837,986 over the last quarter. Corporate insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial raised their price objective on 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. Finally, Jefferies Financial Group raised their price objective 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

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.