JPMorgan Chase & Co. Raises Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

JPMorgan Chase & Co. lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 49.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,974 shares of the aerospace company's stock after purchasing an additional 124,193 shares during the quarter. JPMorgan Chase & Co. owned 0.25% of Kratos Defense & Security Solutions worth $9,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Artisan Partners Limited Partnership bought a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $15,631,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Kratos Defense & Security Solutions by 47.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 22,850 shares of the aerospace company's stock valued at $603,000 after purchasing an additional 7,350 shares during the last quarter. EFG Asset Management North America Corp. lifted its position in Kratos Defense & Security Solutions by 59.1% during the fourth quarter. EFG Asset Management North America Corp. now owns 189,276 shares of the aerospace company's stock valued at $4,994,000 after purchasing an additional 70,293 shares during the period. Rovida Investment Management Ltd purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth approximately $46,789,000. Finally, Vanguard Group Inc. grew its position in 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 purchasing an additional 701,216 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded down $0.18 during trading hours on Friday, reaching $33.09. 2,131,494 shares of the stock traded hands, compared to its average volume of 1,610,590. The company has a market cap of $5.06 billion, a P/E ratio of 330.93 and a beta of 1.01. 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's 50-day moving average price is $29.48 and its two-hundred day moving average price is $28.33. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the transaction, the insider now directly owns 365,461 shares of the company's stock, valued at approximately $12,118,686.76. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total transaction of $197,340.00. Following the completion of the sale, the chief financial officer now owns 292,873 shares in the company, valued at approximately $9,632,592.97. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,168 shares of company stock valued at $2,525,600. 2.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday. Truist Financial increased their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.33.

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.