Cassaday & Co Wealth Management LLC Buys New Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cassaday & Co Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the aerospace company’s stock, valued at approximately $264,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Quarterback LLC raised its holdings in shares of Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after buying an additional 528 shares in the last quarter. ORG Partners LLC grew its position in 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 acquiring an additional 621 shares during the last quarter. Hemington Wealth Management raised its stake 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 acquiring an additional 631 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 920 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 976 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $26.73, for a total transaction of $160,380.00. Following the sale, the chief financial officer now directly owns 267,708 shares in the company, valued at $7,155,834.84. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,181 shares of company stock valued at $2,851,426. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $25.26 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66. The stock has a market capitalization of $3.83 billion, a P/E ratio of 252.63 and a beta of 1.10. The company’s 50-day moving average is $30.01 and its 200 day moving average is $25.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KTOS shares. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JMP Securities raised their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.67.

Kratos Defense & Security Solutions 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.