West Michigan Advisors LLC Invests $272,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

West Michigan Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,300 shares of the aerospace company’s stock, valued at approximately $272,000.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings 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 purchasing an additional 920 shares during the period. Hemington Wealth Management increased its position in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $53,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $26.73, for a total transaction of $106,920.00. Following the sale, the insider now owns 47,007 shares in the company, valued at $1,256,497.11. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,181 shares of company stock valued at $2,837,986 over the last quarter. 2.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

KTOS has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised their price target 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Royal Bank of Canada decreased their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $26.39 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 firm has a market cap of $4.00 billion, a P/E ratio of 263.93 and a beta of 1.10. The firm’s 50 day moving average price is $29.87 and its 200-day moving average price is $26.21. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66.

Kratos Defense & Security Solutions Company 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.