MRA Advisory Group Purchases Shares of 16,979 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MRA Advisory Group acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,979 shares of the aerospace company’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its holdings in Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after buying an additional 86,567 shares during the period. Geode Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the period. Barclays PLC boosted its holdings in Kratos Defense & Security Solutions by 239.5% in the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares in the last quarter. L & S Advisors Inc purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at $1,220,000. Finally, GSA Capital Partners LLP bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $607,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $30.89 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $31.19. The stock has a 50-day moving average price of $26.75 and a 200-day moving average price of $23.92. The firm has a market cap of $4.67 billion, a PE ratio of 308.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insiders Place Their Bets

In related news, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the insider now directly owns 51,063 shares of the company’s stock, valued at $1,172,406.48. This trade represents a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the transaction, the insider now directly owns 356,414 shares of the company’s stock, valued at approximately $8,557,500.14. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,928 shares of company stock valued at $2,611,696. Insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of research reports. Jefferies Financial Group lifted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Truist Financial reaffirmed a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a research report on Monday. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.30.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.