Cassaday & Co Wealth Management LLC Acquires New Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the aerospace company’s stock, valued at approximately $264,000.

Several other large investors have also bought and sold shares of KTOS. Farther Finance Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares during the last quarter. Hemington Wealth Management lifted 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 valued at $35,000 after acquiring an additional 631 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $39,000. Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth $53,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of Kratos Defense & Security Solutions by 229.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 2,500 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the transaction, the insider now owns 12,315 shares in the company, valued at $344,573.70. The trade was a 48.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $26.51, for a total transaction of $185,570.00. Following the completion of the sale, the insider now owns 349,406 shares of the company’s stock, valued at approximately $9,262,753.06. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,181 shares of company stock valued at $2,851,426. 2.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial increased 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. JMP Securities lifted their price objective on shares of Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $25.26 on Friday. The stock’s 50-day moving average is $30.01 and its 200 day moving average is $25.99. 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. The company has a market cap of $3.83 billion, a P/E ratio of 252.63 and a beta of 1.10.

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.