Sequoia Financial Advisors LLC Purchases 6,891 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sequoia Financial Advisors LLC boosted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,658 shares of the aerospace company’s stock after purchasing an additional 6,891 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.05% of Kratos Defense & Security Solutions worth $2,049,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KTOS. Raymond James Financial Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth $28,944,000. TimesSquare Capital Management LLC bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth $15,617,000. Van ECK Associates Corp raised its holdings in Kratos Defense & Security Solutions by 45.3% in the fourth quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock worth $34,087,000 after purchasing an additional 402,588 shares in the last quarter. American Capital Management Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after acquiring an additional 305,925 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after acquiring an additional 304,088 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial raised their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Royal Bank of Canada reduced their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. B. Riley upgraded 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. Finally, Robert W. Baird raised 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $30.43 on Friday. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66. The stock has a 50-day moving average of $30.20 and a 200 day moving average of $26.71. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 304.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now directly owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,181 shares of company stock worth $3,256,346. 2.27% of the stock is owned by corporate insiders.

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.