Mark Sheptoff Financial Planning LLC Grows Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mark Sheptoff Financial Planning LLC boosted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 47.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,850 shares of the aerospace company’s stock after acquiring an additional 7,350 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Kratos Defense & Security Solutions were worth $603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of KTOS. Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after buying an additional 701,216 shares during the last quarter. FMR LLC lifted its holdings in Kratos Defense & Security Solutions by 6.1% in the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after acquiring an additional 233,051 shares during the period. Geode Capital Management LLC boosted its position 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 purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the period. Finally, American Capital Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after purchasing an additional 305,925 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 1.3 %

KTOS stock opened at $32.96 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. The business has a 50 day simple moving average of $30.49 and a two-hundred day simple moving average of $27.25. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 329.63 and a beta of 1.12.

Analysts Set New Price Targets

Several brokerages recently issued reports on KTOS. Jefferies Financial Group boosted 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 report on Friday, December 13th. 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Insider Buying and Selling

In related news, insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the sale, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the transaction, the insider now owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,196 shares of company stock worth $3,144,160. 2.27% of the stock is owned by 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.