Sugar Maple Asset Management LLC Invests $132,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sugar Maple Asset Management LLC purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the aerospace company’s stock, valued at approximately $132,000.

A number of other institutional investors have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 34.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,742 shares of the aerospace company’s stock valued at $864,000 after purchasing an additional 8,447 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 229.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 2,500 shares in the last quarter. MRA Advisory Group purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $448,000. ORG Partners LLC grew 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 valued at $870,000 after purchasing an additional 621 shares in the last quarter. Finally, BancFirst Trust & Investment Management purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $647,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 0.0 %

Shares of NASDAQ KTOS opened at $33.62 on Tuesday. 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 company has a market cap of $5.08 billion, a P/E ratio of 336.23 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $34.83. The firm has a 50-day simple moving average of $27.62 and a two-hundred day simple moving average of $24.39.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $24.01, for a total transaction of $168,070.00. Following the transaction, the insider now directly owns 356,414 shares of the company’s stock, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on 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 approximately $1,555,442.76. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,428 shares of company stock valued at $2,661,646 over the last 90 days. Insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KTOS shares. 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 increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $28.30.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.