Guggenheim Capital LLC Trims Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Guggenheim Capital LLC lowered its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,757 shares of the aerospace company's stock after selling 10,581 shares during the period. Guggenheim Capital LLC's holdings in Kratos Defense & Security Solutions were worth $891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after buying an additional 701,216 shares during the last quarter. FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after acquiring an additional 307,907 shares during the period. Franklin Resources Inc. raised its position in Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after purchasing an additional 317,305 shares during the last quarter. Rovida Investment Management Ltd acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth $46,789,000. Finally, Charles Schwab Investment Management Inc. grew its position in Kratos Defense & Security Solutions by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,513,437 shares of the aerospace company's stock worth $39,924,000 after purchasing an additional 14,588 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the transaction, the insider now directly owns 365,461 shares in the company, valued at $12,118,686.76. The trade was a 1.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 8,637 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total value of $234,408.18. Following the transaction, the insider now directly owns 12,215 shares of the company's stock, valued at $331,515.10. The trade was a 41.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 87,168 shares of company stock worth $2,525,600. Company insiders own 2.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KTOS. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. 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 report on Friday, March 21st. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.13.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded up $0.30 during midday trading on Friday, hitting $33.59. The company had a trading volume of 1,461,844 shares, compared to its average volume of 1,620,482. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 335.93 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.76 and a twelve month high of $35.66. The business has a 50-day simple moving average of $29.94 and a two-hundred day simple moving average of $28.60. 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 Company 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.