Royce & Associates LP Has $23.10 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Royce & Associates LP lifted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875,780 shares of the aerospace company's stock after purchasing an additional 249,690 shares during the quarter. Royce & Associates LP owned 0.58% of Kratos Defense & Security Solutions worth $23,103,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $607,000. Victory Capital Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 27.0% during the third quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company's stock worth $560,000 after acquiring an additional 5,101 shares in the last quarter. KBC Group NV increased its position in shares of Kratos Defense & Security Solutions by 23.7% during the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company's stock worth $119,000 after acquiring an additional 976 shares in the last quarter. Natixis Advisors LLC lifted its position in Kratos Defense & Security Solutions by 16.7% in the 3rd quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company's stock valued at $415,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Chesapeake Capital Corp IL boosted its stake in Kratos Defense & Security Solutions by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 21,258 shares of the aerospace company's stock worth $495,000 after purchasing an additional 4,638 shares during the period. Institutional investors own 75.92% of the company's stock.

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Kratos Defense & Security Solutions Stock Performance

KTOS stock traded down $0.86 during midday trading on Thursday, reaching $31.70. 3,493,560 shares of the company were exchanged, compared to its average volume of 1,351,203. Kratos Defense & Security Solutions, Inc. has a one year low of $17.03 and a one year high of $35.66. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 317.03 and a beta of 1.12. The business has a 50-day moving average price of $30.37 and a two-hundred day moving average price of $26.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada lowered 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 report on Thursday, February 27th. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned 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 a consensus rating of "Moderate Buy" and an average target price of $32.00.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the sale, the insider now owns 12,215 shares of the company's stock, valued at approximately $331,515.10. This trade represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the sale, the senior vice president now directly owns 61,782 shares of the company's stock, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock worth $3,144,160 over the last quarter. Company 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.