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

Fmr LLC boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,340,795 shares of the aerospace company’s stock after acquiring an additional 307,907 shares during the period. Fmr LLC owned about 2.87% of Kratos Defense & Security Solutions worth $114,510,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 610 shares during the last quarter. Hemington Wealth Management boosted its position 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. Capital Advisors Ltd. LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $53,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $55,000. Finally, MRP Capital Investments LLC lifted its stake in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of KTOS stock opened at $32.99 on Tuesday. The company has a market capitalization of $5.04 billion, a P/E ratio of 329.93 and a beta of 1.01. 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 business’s 50 day moving average is $29.44 and its two-hundred day moving average is $28.11. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the sale, the senior vice president now owns 61,782 shares of the company’s stock, valued at $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the transaction, the insider now directly owns 106,906 shares of the company’s stock, valued at $3,515,069.28. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,668 shares of company stock worth $2,377,610 in the last three months. Insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KTOS shares. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

About Kratos Defense & Security Solutions

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.