L & S Advisors Inc Has $1.57 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

L & S Advisors Inc grew its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,663 shares of the aerospace company’s stock after purchasing an additional 7,308 shares during the quarter. L & S Advisors Inc’s holdings in Kratos Defense & Security Solutions were worth $1,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KTOS. Jones Financial Companies Lllp boosted its position in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during the period. Hemington Wealth Management lifted its holdings in shares of 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 worth $35,000 after purchasing an additional 631 shares during the period. Capital Advisors Ltd. LLC bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $53,000. SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $55,000. Finally, MRP Capital Investments LLC raised its position in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the sale, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $25.98, for a total transaction of $181,860.00. Following the completion of the transaction, the insider now directly owns 342,407 shares in the company, valued at approximately $8,895,733.86. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,196 shares of company stock valued at $3,144,160 in the last three months. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $30.68 on Friday. The firm has a market capitalization of $4.69 billion, a P/E ratio of 306.83 and a beta of 1.12. The firm’s 50-day moving average price is $30.34 and its 200-day moving average price is $27.41. 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 $17.05 and a 1-year high of $35.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KTOS shares. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. 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 research note on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price target 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. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

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.