Hennion & Walsh Asset Management Inc. Has $864,000 Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,742 shares of the aerospace company’s stock after buying an additional 8,447 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $864,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KTOS. Farther Finance Advisors LLC grew its stake in 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 valued at $25,000 after buying an additional 920 shares during the last quarter. Contravisory Investment Management Inc. grew its position in shares of 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 valued at $25,000 after purchasing an additional 444 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $36,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $53,000. 75.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value 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. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction 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 directly owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,428 shares of company stock valued at $2,661,646 in the last 90 days. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $33.62 on Monday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $34.83. The firm has a market cap of $5.08 billion, a P/E ratio of 336.23 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The business’s fifty day moving average is $27.49 and its two-hundred day moving average is $24.30.

Analyst Upgrades and Downgrades

Several research firms recently commented on KTOS. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JMP Securities increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group upped their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.30.

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.