Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 626,090 shares of the aerospace company’s stock after acquiring an additional 11,380 shares during the period. Royce & Associates LP’s holdings in Kratos Defense & Security Solutions were worth $14,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KTOS. Farther Finance Advisors LLC lifted its position in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $36,000. Finally, EntryPoint Capital LLC raised its position in shares of Kratos Defense & Security Solutions by 179.1% in the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after buying an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Activity at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco bought 11,980 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $20.89 per share, for a total transaction of $250,262.20. Following the completion of the purchase, the chief executive officer now owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. This trade represents a 1.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the sale, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 71,620 shares of company stock worth $1,700,220. Corporate insiders own 2.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KTOS. B. Riley lowered 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. Robert W. Baird lifted 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 reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, JMP Securities increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $24.42 on Friday. The firm has a fifty day moving average of $24.07 and a 200-day moving average of $21.97. 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 quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.69 billion, a P/E ratio of 244.22 and a beta of 1.02.

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.