Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Holdings Lifted by Royce & Associates LP

Royce & Associates LP raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 39.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875,780 shares of the aerospace company’s stock after purchasing an additional 249,690 shares during the quarter. Royce & Associates LP owned approximately 0.58% of Kratos Defense & Security Solutions worth $23,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 610 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $53,000. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares of the company’s stock, valued at approximately $9,114,529.40. This represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,165 shares of company stock valued at $2,892,188 in the last quarter. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.1 %

Kratos Defense & Security Solutions stock opened at $30.43 on Monday. The business has a 50 day moving average price of $30.20 and a two-hundred day moving average price of $26.77. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 304.33 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66.

Analyst Ratings Changes

Several research firms have recently issued reports on KTOS. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial increased their target price 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. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group increased their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kratos Defense & Security Solutions 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.