Advisors Capital Management LLC Sells 4,734 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Advisors Capital Management LLC lowered its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 243,675 shares of the aerospace company’s stock after selling 4,734 shares during the period. Advisors Capital Management LLC owned about 0.16% of Kratos Defense & Security Solutions worth $6,428,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in KTOS. Rockefeller Capital Management L.P. boosted its position in Kratos Defense & Security Solutions by 60.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 433,265 shares of the aerospace company’s stock valued at $11,430,000 after buying an additional 162,444 shares during the period. Sterling Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 653.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 2,307 shares during the period. Jaffetilchin Investment Partners LLC grew its position in Kratos Defense & Security Solutions by 11.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 14,033 shares of the aerospace company’s stock worth $370,000 after acquiring an additional 1,474 shares during the last quarter. CenterBook Partners LP bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $581,000. Finally, Raymond James Financial Inc. purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $28,944,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the sale, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now owns 331,271 shares of the company’s stock, valued at $9,699,614.88. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,668 shares of company stock worth $2,377,610. 2.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on KTOS. JPMorgan Chase & Co. increased their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Truist Financial increased their price target on shares of 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. Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Up 4.8 %

Shares of NASDAQ:KTOS opened at $33.24 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The firm has a market capitalization of $5.08 billion, a P/E ratio of 332.43 and a beta of 1.01. The stock has a 50 day moving average price of $29.46 and a 200-day moving average price of $28.04.

Kratos Defense & Security Solutions Company 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.