Lbp Am Sa Grows Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

LBP AM SA boosted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 141.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 185,546 shares of the aerospace company's stock after purchasing an additional 108,660 shares during the period. LBP AM SA owned approximately 0.12% of Kratos Defense & Security Solutions worth $4,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its position in Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock worth $93,966,000 after purchasing an additional 233,051 shares during the period. Geode Capital Management LLC grew its position in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock worth $82,883,000 after purchasing an additional 29,278 shares during the period. Franklin Resources Inc. grew its position in Kratos Defense & Security Solutions by 12.2% during the 3rd 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 period. American Capital Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock valued at $62,792,000 after acquiring an additional 305,925 shares during the period. Finally, Portolan Capital Management LLC grew its position in shares of Kratos Defense & Security Solutions by 9.0% during the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company's stock valued at $41,398,000 after acquiring an additional 146,319 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, December 13th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded up $1.31 during midday trading on Wednesday, reaching $32.56. The company had a trading volume of 3,097,450 shares, compared to its average volume of 1,340,213. The company has a market capitalization of $4.98 billion, a P/E 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 firm's fifty day simple moving average is $30.30 and its 200-day simple moving average is $26.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares of the company's stock, valued at $2,057,340.60. This trade represents a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,196 shares of company stock valued at $3,144,160 in the last ninety days. 2.27% of the stock is currently owned by corporate 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.