Rhumbline Advisers Sells 3,202 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rhumbline Advisers decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,940 shares of the aerospace company’s stock after selling 3,202 shares during the quarter. Rhumbline Advisers’ holdings in Kratos Defense & Security Solutions were worth $5,828,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares during the period. MRA Advisory Group acquired a new position in Kratos Defense & Security Solutions in the 4th quarter valued at $448,000. Robertson Stephens Wealth Management LLC raised its stake in Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 16,650 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after buying an additional 29,278 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KTOS. Jefferies Financial Group raised their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial lifted their price objective 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 boosted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

Insider Activity

In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $160,380.00. Following the transaction, the chief financial officer now owns 267,708 shares in the company, valued at $7,155,834.84. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now directly owns 12,315 shares of the company’s stock, valued at $344,573.70. This represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,181 shares of company stock valued at $2,837,986 over the last ninety days. 2.27% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Stock Down 0.6 %

KTOS stock opened at $24.96 on Thursday. The business has a 50 day moving average of $29.86 and a 200 day moving average of $26.17. 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 cap of $3.79 billion, a PE ratio of 249.62 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66.

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.