Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,126 shares of the aerospace company’s stock after selling 19,834 shares during the period. Thrivent Financial for Lutherans’ holdings in Kratos Defense & Security Solutions were worth $1,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KTOS. Arizona State Retirement System lifted its holdings in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Kratos Defense & Security Solutions by 90.5% in 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 during the period. ORG Partners LLC increased its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after acquiring an additional 621 shares during the period. Hemington Wealth Management boosted its stake in 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 valued at $35,000 after purchasing an additional 631 shares during the period. Finally, VisionPoint Advisory Group LLC boosted its stake in Kratos Defense & Security Solutions by 7.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 655 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $29.69 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.05 and a 52 week high of $35.66. 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 stock has a market cap of $4.54 billion, a PE ratio of 296.93 and a beta of 1.12. The company’s 50-day moving average price is $30.26 and its two-hundred day moving average price is $27.51.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average price target of $32.67.

Insider Buying and Selling

In other news, insider Phillip D. Carrai sold 6,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.38, for a total transaction of $188,280.00. Following the sale, the insider now directly owns 293,897 shares of the company’s stock, valued at $9,222,487.86. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 2,031 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $31.36, for a total value of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares of the company’s stock, valued at $2,172,871.68. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,196 shares of company stock worth $2,962,300 in the last ninety days. 2.27% of the stock is currently owned by corporate insiders.

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.