MRA Advisory Group Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

MRA Advisory Group bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,979 shares of the aerospace company's stock, valued at approximately $448,000.

A number of other institutional investors have also recently added to or reduced their stakes in KTOS. Rhumbline Advisers increased its stake in shares of Kratos Defense & Security Solutions by 0.5% in the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company's stock valued at $4,603,000 after buying an additional 1,092 shares during the period. Acadian Asset Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $418,000. American Century Companies Inc. raised its holdings in Kratos Defense & Security Solutions by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 290,968 shares of the aerospace company's stock worth $5,822,000 after purchasing an additional 49,392 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Kratos Defense & Security Solutions by 5.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 163,569 shares of the aerospace company's stock worth $3,273,000 after purchasing an additional 8,292 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company's stock valued at $83,855,000 after purchasing an additional 136,696 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the transaction, the insider now directly owns 356,414 shares of the company's stock, valued at $8,557,500.14. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the sale, the senior vice president now directly owns 37,327 shares of the company's stock, valued at $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,928 shares of company stock worth $2,611,696. 2.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KTOS has been the subject of a number of analyst reports. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday. JMP Securities raised their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, December 13th. 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 company's stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $28.30.

Kratos Defense & Security Solutions Stock Up 6.1 %

NASDAQ KTOS traded up $1.87 during trading hours on Tuesday, hitting $32.76. The company's stock had a trading volume of 2,901,204 shares, compared to its average volume of 2,193,188. 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 simple moving average is $26.75 and its two-hundred day simple moving average is $23.92. The company has a market capitalization of $4.95 billion, a PE ratio of 327.63 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $33.09.

Kratos Defense & Security Solutions 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.