Hodges Capital Management Inc. Sells 223,162 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Hodges Capital Management Inc. reduced its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 57.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,860 shares of the aerospace company's stock after selling 223,162 shares during the quarter. Hodges Capital Management Inc. owned about 0.11% of Kratos Defense & Security Solutions worth $3,911,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Main Management ETF Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $1,772,000. XTX Topco Ltd bought a new position in Kratos Defense & Security Solutions in the third quarter valued at about $606,000. Weiss Asset Management LP acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $402,000. Portolan Capital Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 9.0% in the third quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company's stock worth $41,398,000 after acquiring an additional 146,319 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $1,090,000. 75.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KTOS shares. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and increased their price target for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. JMP Securities boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Monday, November 11th. Robert W. Baird upped 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. Finally, Benchmark reissued a "buy" rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.40.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the sale, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,620 shares of company stock worth $1,770,970. Corporate insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions Trading Up 2.5 %

Shares of Kratos Defense & Security Solutions stock traded up $0.69 during midday trading on Friday, reaching $27.99. The company had a trading volume of 840,008 shares, compared to its average volume of 1,178,878. The firm has a market cap of $4.23 billion, a PE ratio of 279.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The stock has a fifty day moving average price of $25.27 and a 200 day moving average price of $22.72.

Kratos Defense & Security Solutions 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.