Loomis Sayles & Co. L P Sells 72,742 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Loomis Sayles & Co. L P trimmed its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,489,293 shares of the aerospace company's stock after selling 72,742 shares during the period. Loomis Sayles & Co. L P owned 1.65% of Kratos Defense & Security Solutions worth $65,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KTOS. Jones Financial Companies Lllp lifted its stake in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management lifted its stake in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after buying an additional 631 shares during the period. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Capital Advisors Ltd. LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $55,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 4.6 %

Shares of Kratos Defense & Security Solutions stock traded down $1.42 during trading hours on Monday, reaching $29.26. 968,202 shares of the company's stock were exchanged, compared to its average volume of 1,537,461. The stock has a market cap of $4.47 billion, a P/E ratio of 293.05 and a beta of 1.12. The company has a 50 day moving average of $30.34 and a two-hundred day moving average of $27.45. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

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Insider Activity at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the sale, the insider now owns 103,430 shares of the company's stock, valued at approximately $2,739,860.70. This represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the transaction, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,196 shares of company stock valued at $2,962,300. Insiders own 2.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KTOS shares. JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Royal Bank of Canada dropped their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price objective 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. Finally, JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

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.