Raymond James Financial Inc. Makes New $28.94 Million Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Raymond James Financial Inc. bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,097,199 shares of the aerospace company's stock, valued at approximately $28,944,000. Raymond James Financial Inc. owned about 0.73% of Kratos Defense & Security Solutions at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KTOS. Jones Financial Companies Lllp boosted its stake in Kratos Defense & Security Solutions by 90.5% in the fourth 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 last quarter. Hemington Wealth Management boosted its position in shares of 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 worth $35,000 after purchasing an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth $53,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $55,000. Finally, MRP Capital Investments LLC increased its holdings in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Royal Bank of Canada reduced their price target on shares of 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, B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the sale, the senior vice president now directly owns 60,443 shares in the company, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $32.99, for a total transaction of $197,940.00. Following the transaction, the insider now owns 288,048 shares of the company's stock, valued at approximately $9,502,703.52. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,168 shares of company stock valued at $2,525,600 over the last 90 days. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Up 4.8 %

NASDAQ KTOS traded up $1.54 during trading on Wednesday, hitting $33.66. The stock had a trading volume of 409,481 shares, compared to its average volume of 1,608,739. The company has a market capitalization of $5.14 billion, a PE ratio of 336.63 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.05 and a 12 month high of $35.66. The company's 50-day moving average price is $29.57 and its two-hundred day moving average price is $28.42. 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 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.