Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Boosted by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,371,221 shares of the aerospace company's stock after purchasing an additional 188,403 shares during the quarter. Invesco Ltd. owned 0.91% of Kratos Defense & Security Solutions worth $36,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KTOS. Barclays PLC lifted its stake in Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after purchasing an additional 192,667 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock valued at $82,883,000 after buying an additional 29,278 shares during the last quarter. Tidal Investments LLC raised its stake in Kratos Defense & Security Solutions by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company's stock worth $495,000 after acquiring an additional 4,638 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 12.2% during 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. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after purchasing an additional 86,567 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 0.6 %

Shares of KTOS stock traded up $0.20 during mid-day trading on Tuesday, reaching $32.12. 1,709,367 shares of the company were exchanged, compared to its average volume of 1,613,370. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The business's 50 day simple moving average is $29.57 and its 200 day simple moving average is $28.42. The company has a market capitalization of $4.91 billion, a P/E ratio of 321.23 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the sale, the insider now owns 365,461 shares in the company, valued at $12,118,686.76. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the completion of the transaction, the insider now owns 106,906 shares of the company's stock, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,168 shares of company stock valued at $2,525,600. Insiders own 2.37% of the company's stock.

Analysts Set New Price Targets

KTOS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada reduced their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

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.