KBC Group NV Grows Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

KBC Group NV boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 23.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,087 shares of the aerospace company’s stock after acquiring an additional 976 shares during the quarter. KBC Group NV’s holdings in Kratos Defense & Security Solutions were worth $119,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MQS Management LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $205,000. Victory Capital Management Inc. increased its position in Kratos Defense & Security Solutions by 27.0% in the third quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock worth $560,000 after buying an additional 5,101 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $607,000. Lisanti Capital Growth LLC lifted its position in shares of Kratos Defense & Security Solutions by 318.1% during the 3rd quarter. Lisanti Capital Growth LLC now owns 221,085 shares of the aerospace company’s stock valued at $5,151,000 after buying an additional 168,205 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Kratos Defense & Security Solutions by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 87,847 shares of the aerospace company’s stock valued at $2,047,000 after acquiring an additional 1,060 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KTOS. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday. Truist Financial reiterated a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities raised their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned 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.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the sale, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. This represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total value of $134,460.00. Following the completion of the sale, the chief financial officer now owns 285,905 shares in the company, valued at approximately $6,407,131.05. This represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,700,220 in the last ninety days. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $26.23 on Friday. The company has a 50 day moving average of $24.28 and a two-hundred day moving average of $22.14. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.62. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 252.23 and a beta of 1.02.

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.