West Michigan Advisors LLC Takes $272,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

West Michigan Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,300 shares of the aerospace company's stock, valued at approximately $272,000.

Several other large investors also recently modified their holdings of KTOS. Farther Finance Advisors LLC lifted its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after buying an additional 920 shares during the period. Hemington Wealth Management lifted its holdings in shares of Kratos Defense & Security Solutions by 86.6% during the fourth 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. Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $39,000. Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth about $53,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. 75.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco acquired 9,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $26.35 per share, with a total value of $250,325.00. Following the purchase, the chief executive officer now directly owns 1,267,482 shares of the company's stock, valued at $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction 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 $2,057,340.60. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,181 shares of company stock worth $2,570,686. Company insiders own 2.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on KTOS. Jefferies Financial Group boosted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Truist Financial increased their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Kratos Defense & Security Solutions Trading Down 1.4 %

Shares of KTOS traded down $0.38 during trading hours on Monday, hitting $26.01. 2,344,102 shares of the stock traded hands, compared to its average volume of 1,244,698. The business has a fifty day moving average of $29.87 and a 200-day moving average of $26.34. The firm has a market capitalization of $3.98 billion, a PE ratio of 260.13 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

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.