Fmr LLC Boosts Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Fmr LLC increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,032,888 shares of the aerospace company’s stock after purchasing an additional 233,051 shares during the quarter. Fmr LLC’s holdings in Kratos Defense & Security Solutions were worth $93,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after purchasing an additional 136,696 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock worth $53,960,000 after purchasing an additional 139,853 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after purchasing an additional 19,104 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kratos Defense & Security Solutions by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock valued at $34,923,000 after purchasing an additional 35,421 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Kratos Defense & Security Solutions by 19.5% during the 3rd quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock valued at $21,358,000 after purchasing an additional 145,462 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 2.3 %

Kratos Defense & Security Solutions stock opened at $27.30 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.62. The company has a market cap of $4.12 billion, a P/E ratio of 273.03 and a beta of 1.07. 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 business has a 50-day simple moving average of $25.17 and a two-hundred day simple moving average of $22.66.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the completion of the transaction, the insider now directly owns 272,570 shares in the company, valued at $6,034,699.80. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock worth $1,770,970 in the last 90 days. 2.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Truist Financial reissued a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.