Harel Insurance Investments & Financial Services Ltd. Purchases 3,900 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Harel Insurance Investments & Financial Services Ltd. lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 52.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,406 shares of the aerospace company’s stock after acquiring an additional 3,900 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Kratos Defense & Security Solutions were worth $301,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its holdings in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of 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 worth $25,000 after buying an additional 920 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $36,000. Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions during the third quarter worth about $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth about $53,000. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $28.30.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the transaction, the insider now owns 12,315 shares of the company’s stock, valued at $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,428 shares of company stock valued at $2,661,646. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $34.13 on Friday. The firm has a fifty day simple moving average of $28.30 and a two-hundred day simple moving average of $24.76. The firm has a market cap of $5.16 billion, a PE ratio of 341.33 and a beta of 1.07. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $35.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $278.47 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. During the same quarter last year, the company posted $0.08 EPS. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Kratos Defense & Security Solutions 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.