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

MRA Advisory Group purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,979 shares of the aerospace company’s stock, valued at approximately $448,000.

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. increased its holdings in Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares during the last quarter. Wealth Quarterback LLC raised its holdings in Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 528 shares during the period. ORG Partners LLC lifted its position in Kratos Defense & Security Solutions by 1.9% during 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 in the last quarter. Farther Finance Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. Finally, KBC Group NV increased its position in Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after buying an additional 976 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other 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 shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This represents a 27.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, January 6th. The shares were sold at an average price of $28.96, for a total value of $115,840.00. Following the completion of the transaction, the insider now owns 57,267 shares in the company, valued at $1,658,452.32. This represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,928 shares of company stock worth $2,611,696. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $30.89 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 308.93 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $31.19. The firm’s 50-day moving average is $26.75 and its 200 day moving average is $23.92.

Wall Street Analyst Weigh In

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

About Kratos Defense & Security Solutions

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.