CenterBook Partners LP Acquires Shares of 22,029 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

CenterBook Partners LP bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,029 shares of the aerospace company’s stock, valued at approximately $581,000.

A number of other large investors have also made changes to their positions in KTOS. WealthPlan Investment Management LLC purchased a new position in Kratos Defense & Security Solutions during the fourth quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth $207,000. Lord Abbett & CO. LLC boosted its position in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after acquiring an additional 86,567 shares during the last quarter. MRA Advisory Group purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at about $448,000. Finally, Robertson Stephens Wealth Management LLC increased its position in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $33.24 on Friday. The company has a market cap of $5.08 billion, a P/E ratio of 332.43 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.05 and a 1-year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a 50-day moving average of $29.46 and a two-hundred day moving average of $28.01.

Insider Activity at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco bought 9,500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the acquisition, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the sale, the insider now owns 263,283 shares in the company, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,668 shares of company stock worth $2,377,610. Corporate insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KTOS shares. Robert W. Baird increased 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 research note on Tuesday, January 14th. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. Truist Financial upped 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. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada decreased their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.