Captrust Financial Advisors Cuts Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Captrust Financial Advisors decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,981 shares of the aerospace company’s stock after selling 1,536 shares during the quarter. Captrust Financial Advisors’ holdings in Kratos Defense & Security Solutions were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. lifted its position in shares of Kratos Defense & Security Solutions by 68.7% during 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 lifted its holdings 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 worth $25,000 after buying an additional 920 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at about $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at about $36,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $39,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $26.84 on Friday. The company has a market cap of $4.05 billion, a P/E ratio of 268.43 and a beta of 1.07. The business has a 50 day moving average of $25.46 and a two-hundred day moving average of $22.86. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.62. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of brokerages recently commented on KTOS. JMP Securities increased their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. 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 report on Friday. Truist Financial reissued a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.40.

Insider Buying and Selling

In related news, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $23.68, for a total transaction of $142,080.00. Following the transaction, the chief financial officer now directly owns 279,775 shares of the company’s stock, valued at $6,625,072. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,620 shares of company stock valued at $1,770,970. Insiders own 2.27% of the company’s stock.

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.