LPL Financial LLC Has $3.49 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

LPL Financial LLC boosted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,117 shares of the aerospace company's stock after acquiring an additional 30,220 shares during the period. LPL Financial LLC owned 0.09% of Kratos Defense & Security Solutions worth $3,485,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $461,000. Cornell Pochily Investment Advisors Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $207,000. Lord Abbett & CO. LLC boosted its stake in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after acquiring an additional 86,567 shares during the period. MRA Advisory Group acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC boosted its position in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock valued at $801,000 after purchasing an additional 16,650 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Robert W. Baird raised their target price 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. Four investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.67.

Kratos Defense & Security Solutions Trading Down 0.4 %

Shares of NASDAQ:KTOS traded down $0.13 during mid-day trading on Thursday, hitting $33.14. The stock had a trading volume of 354,774 shares, compared to its average volume of 2,935,576. The company's 50 day moving average is $29.46 and its 200-day moving average is $28.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.05 and a 12-month high of $35.66. The company has a market cap of $5.07 billion, a PE ratio of 331.43 and a beta of 1.01.

Insider Activity at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco purchased 9,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the acquisition, the chief executive officer now directly owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total value of $175,680.00. Following the sale, the chief financial officer now directly owns 331,271 shares of the company's stock, valued at approximately $9,699,614.88. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,168 shares of company stock valued at $2,327,660. Company insiders own 2.37% of the company's stock.

About Kratos Defense & Security Solutions

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.