Loomis Sayles & Co. L P Sells 72,742 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Loomis Sayles & Co. L P decreased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,489,293 shares of the aerospace company’s stock after selling 72,742 shares during the period. Loomis Sayles & Co. L P’s holdings in Kratos Defense & Security Solutions were worth $65,667,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KTOS. Jones Financial Companies Lllp boosted its holdings in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management lifted its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 631 shares during the period. Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions during the third quarter worth $39,000. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price objective 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. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group lifted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Down 4.7 %

KTOS opened at $31.42 on Thursday. 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 has a market capitalization of $4.80 billion, a P/E ratio of 314.23 and a beta of 1.12. The company’s 50-day moving average is $30.44 and its 200 day moving average is $27.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the sale, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total transaction of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. This trade represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,196 shares of company stock worth $3,144,160. Insiders own 2.27% of the company’s stock.

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.