WealthPlan Investment Management LLC Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

WealthPlan Investment Management LLC purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 17,459 shares of the aerospace company’s stock, valued at approximately $461,000.

A number of other institutional investors have also made changes to their positions in KTOS. Creative Planning increased its holdings in shares of Kratos Defense & Security Solutions by 8.7% in the 3rd quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock valued at $621,000 after acquiring an additional 2,125 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Kratos Defense & Security Solutions by 3.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 138,686 shares of the aerospace company’s stock valued at $3,231,000 after acquiring an additional 4,804 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Kratos Defense & Security Solutions by 15.3% in the 3rd quarter. Raymond James & Associates now owns 477,524 shares of the aerospace company’s stock valued at $11,126,000 after acquiring an additional 63,473 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $678,000. Finally, Sequoia Financial Advisors LLC grew its stake in Kratos Defense & Security Solutions by 6.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 70,767 shares of the aerospace company’s stock worth $1,649,000 after buying an additional 4,247 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on KTOS shares. Truist Financial upped 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. Robert W. Baird upped 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. Jefferies Financial Group upped 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. B. Riley upgraded 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 research note on Monday, January 13th. Finally, JMP Securities upped their price objective on 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. Five research 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. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $29.30.

Kratos Defense & Security Solutions Trading Down 4.9 %

Shares of Kratos Defense & Security Solutions stock opened at $27.16 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 271.63 and a beta of 1.10. The business has a fifty day simple moving average of $30.04 and a 200-day simple moving average of $25.88. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $35.66.

Insider Activity

In other news, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total value of $106,920.00. Following the completion of the sale, the insider now owns 47,007 shares in the company, valued at $1,256,497.11. This represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the sale, the senior vice president now owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,044 shares of company stock worth $2,576,338 over the last 90 days. 2.27% of the stock is currently owned by company insiders.

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.