VisionPoint Advisory Group LLC Grows Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

VisionPoint Advisory Group LLC raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,433 shares of the aerospace company’s stock after purchasing an additional 655 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Kratos Defense & Security Solutions were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KTOS. Farther Finance Advisors LLC raised 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 valued at $25,000 after buying an additional 920 shares in the last quarter. Hemington Wealth Management raised its position 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 purchasing an additional 631 shares during the period. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $39,000. Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 229.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 2,500 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on KTOS shares. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group increased 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 research note on Friday, December 13th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. 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 has an average rating of “Moderate Buy” and an average price target of $30.67.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $25.26 on Friday. 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 stock has a market cap of $3.83 billion, a price-to-earnings ratio of 252.63 and a beta of 1.10. The firm has a 50-day moving average of $30.01 and a two-hundred day moving average of $25.99. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the transaction, the senior vice president now directly owns 55,631 shares in the company, valued at $1,555,442.76. This represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. This represents a 48.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,181 shares of company stock valued at $2,851,426. Corporate insiders own 2.27% of the company’s stock.

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.