Bank of Montreal Can Has $307,000 Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bank of Montreal Can trimmed its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,636 shares of the aerospace company’s stock after selling 1,295 shares during the period. Bank of Montreal Can’s holdings in Kratos Defense & Security Solutions were worth $307,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock valued at $388,301,000 after buying an additional 701,216 shares in the last quarter. FMR LLC increased its position in Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock valued at $114,510,000 after acquiring an additional 307,907 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after acquiring an additional 317,305 shares during the last quarter. Rovida Investment Management Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $46,789,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,513,437 shares of the aerospace company’s stock valued at $39,924,000 after purchasing an additional 14,588 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KTOS. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada cut their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the sale, the insider now owns 263,283 shares of the company’s stock, valued at $6,932,241.39. This trade represents a 7.06 % 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, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total value of $175,680.00. Following the transaction, the chief financial officer now owns 331,271 shares in the company, valued at $9,699,614.88. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,168 shares of company stock worth $2,525,600 in the last quarter. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 2.7 %

KTOS opened at $32.99 on Thursday. The firm’s fifty day moving average is $29.69 and its two-hundred day moving average is $28.46. The firm has a market cap of $5.04 billion, a PE ratio of 329.96 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

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.