Managed Asset Portfolios LLC Purchases 16,696 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Managed Asset Portfolios LLC raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 754,761 shares of the aerospace company’s stock after buying an additional 16,696 shares during the quarter. Kratos Defense & Security Solutions accounts for approximately 2.5% of Managed Asset Portfolios LLC’s holdings, making the stock its 19th biggest holding. Managed Asset Portfolios LLC owned approximately 0.50% of Kratos Defense & Security Solutions worth $17,586,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KTOS. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after buying an additional 1,807,580 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 worth $83,855,000 after acquiring an additional 136,696 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 5.5% during the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after acquiring an additional 139,853 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 0.8% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock worth $34,923,000 after purchasing an additional 35,421 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the transaction, the chief financial officer now directly owns 285,905 shares in the company, valued at $6,407,131.05. This represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60. Following the sale, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. This represents a 2.14 % 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 valued at $1,700,220. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Trading Up 1.5 %

Shares of KTOS opened at $26.63 on Friday. The stock’s fifty day simple moving average is $24.44 and its 200-day simple moving average is $22.22. The firm has a market capitalization of $4.02 billion, a PE ratio of 266.33 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Truist Financial restated a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. One investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Company 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.