Stifel Financial Corp Trims Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Stifel Financial Corp lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 251,932 shares of the aerospace company's stock after selling 20,565 shares during the quarter. Stifel Financial Corp owned 0.17% of Kratos Defense & Security Solutions worth $5,870,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KTOS. Contravisory Investment Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd 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 during the period. Farther Finance Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after buying an additional 920 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $36,000. Finally, Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Up 1.3 %

NASDAQ KTOS traded up $0.34 during trading on Friday, reaching $26.84. 803,582 shares of the company's stock were exchanged, compared to its average volume of 941,990. The stock has a market cap of $4.05 billion, a P/E ratio of 268.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a 50 day moving average price of $25.51 and a two-hundred day moving average price of $22.91. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62.

Insiders Place Their Bets

In other news, SVP Benjamin M. Goodwin sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the sale, the senior vice president now directly owns 37,327 shares of the company's stock, valued at approximately $1,034,331.17. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stacey G. Rock sold 4,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $26.73, for a total value of $106,920.00. Following the completion of the sale, the insider now directly owns 47,007 shares of the company's stock, valued at $1,256,497.11. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,620 shares of company stock valued at $1,770,970 in the last ninety days. Insiders own 2.27% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several analyst reports. Truist Financial reissued a "buy" rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Benchmark reaffirmed a "buy" rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a report on Friday. Finally, JMP Securities upped their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average target price of $26.40.

About Kratos Defense & Security Solutions

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.