Cornell Pochily Investment Advisors Inc. Invests $207,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,825 shares of the aerospace company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake 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 worth $15,501,000 after purchasing an additional 86,567 shares during the last quarter. MRA Advisory Group purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $448,000. Geode Capital Management LLC boosted its position in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Barclays PLC grew its stake in Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after acquiring an additional 192,667 shares during the period. Finally, L & S Advisors Inc acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $1,220,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $34.13 on Monday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $35.66. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 341.33 and a beta of 1.07. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $28.30 and its 200 day simple moving average is $24.79.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company had revenue of $275.90 million for the quarter, compared to analyst estimates of $278.47 million. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the sale, the vice president now directly owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the transaction, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,428 shares of company stock worth $2,493,576 in the last 90 days. 2.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KTOS. JMP Securities raised their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Jefferies Financial Group raised their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Truist Financial upped their price objective on shares of 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird boosted their target price 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. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.30.

Kratos Defense & Security Solutions Company 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.