Meitav Investment House Ltd. Takes $390,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Meitav Investment House Ltd. bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,704 shares of the aerospace company’s stock, valued at approximately $390,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Quarterback LLC boosted its stake in Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 528 shares during the period. ORG Partners LLC boosted its position in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after acquiring an additional 621 shares during the last quarter. Hemington Wealth Management grew its stake in 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 in the last quarter. Farther Finance Advisors LLC increased its holdings in 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 acquiring an additional 920 shares during the last quarter. Finally, KBC Group NV increased its holdings in Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after acquiring an additional 976 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial raised their price objective 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. JMP Securities raised their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.67.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the transaction, the insider now owns 12,215 shares in the company, valued at $331,515.10. The trade was a 41.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 60,443 shares in the company, valued at approximately $1,639,214.16. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,181 shares of company stock valued at $2,851,426. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 3.2 %

NASDAQ KTOS opened at $25.99 on Friday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 259.93 and a beta of 1.10. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $30.01 and a two-hundred day moving average of $25.99.

About Kratos Defense & Security Solutions

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.