Meitav Investment House Ltd. Invests $390,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Meitav Investment House Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,704 shares of the aerospace company’s stock, valued at approximately $390,000.

A number of other large investors have also recently modified their holdings of KTOS. WealthPlan Investment Management LLC purchased a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC increased its holdings in Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after buying an additional 86,567 shares during the period. MRA Advisory Group purchased a new position in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $448,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after buying an additional 16,650 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

KTOS has been the topic of several recent research reports. 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 raised their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 4th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird raised 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, Truist Financial lifted their price objective 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. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.67.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $25.99 on Friday. The company has a 50 day moving average price of $30.01 and a 200 day moving average price of $25.99. The firm has a market capitalization of $3.94 billion, a P/E ratio of 259.93 and a beta of 1.10. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the sale, the insider now owns 12,215 shares of the company’s stock, valued at $331,515.10. The trade was a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $26.51, for a total transaction of $185,570.00. Following the completion of the transaction, the insider now owns 349,406 shares in the company, valued at approximately $9,262,753.06. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,181 shares of company stock worth $2,851,426. 2.27% of the stock is owned by corporate insiders.

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.