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

Fmr LLC increased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 7.6% during the fourth quarter, Holdings Channel reports. 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’s holdings in Kratos Defense & Security Solutions were worth $114,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MRP Capital Investments LLC boosted its stake in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 500 shares in the last quarter. Arizona State Retirement System boosted its position in Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares during the last quarter. ORG Partners LLC increased its position in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after buying an additional 621 shares in the last quarter. Finally, Hemington Wealth Management boosted its position in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the transaction, the insider now directly owns 263,283 shares of the company’s stock, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the completion of the transaction, the senior vice president now directly owns 61,782 shares in the company, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,668 shares of company stock worth $2,377,610. 2.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on KTOS. Royal Bank of Canada lowered their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial increased their target price on 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Finally, StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $32.99 on Tuesday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66. The firm’s 50 day simple moving average is $29.44 and its 200-day simple moving average is $28.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market cap of $5.04 billion, a P/E ratio of 329.93 and a beta of 1.01.

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.