L & S Advisors Inc Invests $1.22 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

L & S Advisors Inc acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,355 shares of the aerospace company's stock, valued at approximately $1,220,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KTOS. Contravisory Investment Management Inc. raised its stake 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 in the last quarter. Farther Finance Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 582.3% during 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. MFA Wealth Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Finally, EntryPoint Capital LLC raised its position in shares of Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company's stock worth $43,000 after purchasing an additional 1,506 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on KTOS shares. Truist Financial reiterated a "buy" rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities increased their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Monday, November 11th. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and increased their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Finally, StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.40.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded up $0.39 on Friday, reaching $26.63. 839,892 shares of the stock traded hands, compared to its average volume of 1,135,406. The firm's fifty day simple moving average is $24.36 and its 200 day simple moving average is $22.17. 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 company has a market cap of $4.02 billion, a price-to-earnings ratio of 262.34 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.71 and a 12 month high of $28.62.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 3,500 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.00, for a total transaction of $87,500.00. Following the completion of the sale, the insider now directly owns 265,499 shares of the company's stock, valued at $6,637,475. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $22.58, for a total value of $158,060.00. Following the sale, the insider now directly owns 370,389 shares of the company's stock, valued at approximately $8,363,383.62. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,620 shares of company stock valued at $1,700,220. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Company Profile

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.