Hemington Wealth Management Buys 631 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hemington Wealth Management grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 86.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,360 shares of the aerospace company’s stock after purchasing an additional 631 shares during the period. Hemington Wealth Management’s holdings in Kratos Defense & Security Solutions were worth $35,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Quarterback LLC grew its stake in Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 528 shares during the period. ORG Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after buying an additional 621 shares in the last quarter. Farther Finance Advisors LLC grew 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 worth $25,000 after buying an additional 920 shares during the period. KBC Group NV increased its stake in shares of Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 976 shares in the last quarter. Finally, 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 valued at $2,047,000 after acquiring an additional 1,060 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of a number of recent research reports. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial raised their price objective on 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. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Robert W. Baird increased their target price 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. Finally, 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. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Insider Transactions at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the transaction, the chief financial officer now directly owns 292,873 shares in the company, valued at $9,632,592.97. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction 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 sale, the insider now directly owns 103,430 shares of the company’s stock, valued at $2,739,860.70. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,044 shares of company stock worth $2,576,338 over the last three months. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $28.56 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 285.63 and a beta of 1.10. The stock has a 50-day moving average of $30.03 and a 200 day moving average of $25.80. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66.

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.