Daiwa Securities Group Inc. Acquires 15,932 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Daiwa Securities Group Inc. increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,019 shares of the aerospace company’s stock after purchasing an additional 15,932 shares during the quarter. Daiwa Securities Group Inc. owned 0.08% of Kratos Defense & Security Solutions worth $3,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KTOS. Arizona State Retirement System increased its holdings in shares of Kratos Defense & Security Solutions by 1.4% in the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after buying an additional 586 shares during the period. Jones Financial Companies Lllp increased its stake 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 purchasing an additional 610 shares during the period. ORG Partners LLC lifted its position in Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 621 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares during the period. Finally, VisionPoint Advisory Group LLC grew its holdings in shares of Kratos Defense & Security Solutions by 7.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 655 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now owns 51,121 shares in the company, valued at $1,533,630. This represents a 27.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now directly owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,181 shares of company stock valued at $3,256,346 in the last three months. 2.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KTOS. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Royal Bank of Canada lowered their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Trading Down 0.3 %

KTOS opened at $29.52 on Friday. The business has a 50 day moving average of $30.14 and a 200-day moving average of $26.65. 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 stock has a market cap of $4.51 billion, a PE ratio of 295.23 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week 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.