State of New Jersey Common Pension Fund D Purchases 1,060 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

State of New Jersey Common Pension Fund D raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,847 shares of the aerospace company’s stock after buying an additional 1,060 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Kratos Defense & Security Solutions worth $2,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KTOS. Farther Finance Advisors LLC raised its stake 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 valued at $25,000 after acquiring an additional 920 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $30,000. Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $36,000. Finally, EntryPoint Capital LLC raised its holdings in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after acquiring an additional 1,506 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $24.42 on Friday. The company’s fifty day moving average price is $24.00 and its 200-day moving average price is $21.93. 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 firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 244.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a one year low of $16.71 and a one year high of $28.62.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the sale, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. The trade was a 2.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the transaction, the insider now owns 23,848 shares in the company, valued at $593,338.24. The trade was a 21.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock worth $1,700,220 over the last 90 days. Corporate insiders own 2.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KTOS. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Finally, Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $25.40.

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.