First Eagle Investment Management LLC Purchases 11,800 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

First Eagle Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,563 shares of the aerospace company's stock after buying an additional 11,800 shares during the period. First Eagle Investment Management LLC owned 0.29% of Kratos Defense & Security Solutions worth $11,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KTOS. Raymond James Financial Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $28,944,000. TimesSquare Capital Management LLC bought a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $15,617,000. Van ECK Associates Corp increased its position in Kratos Defense & Security Solutions by 45.3% in the fourth quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company's stock worth $34,087,000 after purchasing an additional 402,588 shares during the last quarter. American Capital Management Inc. increased its position in Kratos Defense & Security Solutions by 12.8% in the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock worth $62,792,000 after purchasing an additional 305,925 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after purchasing an additional 304,088 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. Truist Financial boosted their price target on shares of 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. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Royal Bank of Canada reduced 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. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Kratos Defense & Security Solutions Trading Up 4.2 %

Shares of KTOS traded up $1.31 during trading hours on Wednesday, reaching $32.56. 3,097,450 shares of the company traded hands, compared to its average volume of 1,340,213. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 325.63 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.96 and a 12-month high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $30.30 and its 200 day moving average price is $26.89.

Insider Activity

In related news, insider Thomas E. Iv Mills sold 8,637 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the sale, the insider now directly owns 12,215 shares of the company's stock, valued at $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $25.98, for a total transaction of $181,860.00. Following the completion of the sale, the insider now directly owns 342,407 shares of the company's stock, valued at approximately $8,895,733.86. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by company insiders.

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.