Raymond James Financial Inc. Makes New $28.94 Million Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Raymond James Financial Inc. bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,097,199 shares of the aerospace company’s stock, valued at approximately $28,944,000. Raymond James Financial Inc. owned about 0.73% of Kratos Defense & Security Solutions as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KTOS. Farther Finance Advisors LLC raised its position in 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 last quarter. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during 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 buying an additional 631 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.1 %

Shares of NASDAQ:KTOS opened at $30.43 on Friday. The stock has a 50 day moving average of $30.20 and a 200 day moving average of $26.71. The company has a market cap of $4.65 billion, a PE ratio of 304.33 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 2.61 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.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,181 shares of company stock valued at $3,256,346. Corporate insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of recent research reports. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $35.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on 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. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada cut their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.