Raymond James Financial Inc. Acquires New Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Raymond James Financial Inc. purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,097,199 shares of the aerospace company's stock, valued at approximately $28,944,000. Raymond James Financial Inc. owned 0.73% of Kratos Defense & Security Solutions at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System increased its position in Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock valued at $1,156,000 after acquiring an additional 586 shares during the period. Jones Financial Companies Lllp increased its position in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the period. ORG Partners LLC increased its position in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after acquiring an additional 621 shares during the period. Hemington Wealth Management increased its position in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after acquiring an additional 631 shares during the period. Finally, VisionPoint Advisory Group LLC increased its position in Kratos Defense & Security Solutions by 7.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company's stock valued at $249,000 after acquiring an additional 655 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts recently commented on the company. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. Truist Financial lifted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded down $0.64 during trading hours on Tuesday, hitting $31.25. 2,875,068 shares of the company were exchanged, compared to its average volume of 1,332,063. The company has a market capitalization of $4.78 billion, a PE ratio of 312.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm has a fifty day simple moving average of $30.24 and a 200-day simple moving average of $26.83. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the sale, the insider now owns 263,283 shares of the company's stock, valued at $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the sale, the senior vice president now directly owns 61,782 shares of the company's stock, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 in the last three months. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions 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.