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

State of New Jersey Common Pension Fund D grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,847 shares of the aerospace company’s stock after purchasing an additional 1,060 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kratos Defense & Security Solutions were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sei Investments Co. boosted its position in Kratos Defense & Security Solutions by 113.1% during the 1st quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after buying an additional 165,356 shares during the period. Comerica Bank grew its stake in shares of Kratos Defense & Security Solutions by 627.9% in the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after purchasing an additional 42,817 shares during the last quarter. Swiss National Bank increased its holdings in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock valued at $5,286,000 after purchasing an additional 33,500 shares during the period. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Kratos Defense & Security Solutions by 272.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after buying an additional 316,500 shares during the period. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the sale, the insider now directly owns 23,848 shares of the company’s stock, valued at approximately $593,338.24. This represents a 21.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the company’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 transaction of $29,972.60. Following the completion of the transaction, the senior vice president now owns 61,963 shares in the company, valued at approximately $1,370,621.56. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock worth $1,700,220 in the last 90 days. Insiders own 2.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. B. Riley cut shares of 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 report on Wednesday, October 30th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Truist Financial restated a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued 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 a consensus price target of $25.40.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $24.42 on Friday. The company has a 50 day simple moving average of $24.00 and a two-hundred day simple moving average of $21.93. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 244.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

About Kratos Defense & Security Solutions

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.