Loomis Sayles & Co. L P Sells 59,040 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Loomis Sayles & Co. L P reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,562,035 shares of the aerospace company's stock after selling 59,040 shares during the period. Loomis Sayles & Co. L P owned 1.70% of Kratos Defense & Security Solutions worth $59,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. raised its position in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock worth $25,000 after acquiring an additional 444 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Kratos Defense & Security Solutions by 0.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company's stock worth $1,113,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its stake in Kratos Defense & Security Solutions by 3.9% during the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 528 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after buying an additional 920 shares in the last quarter. Finally, KBC Group NV grew its position in Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company's stock worth $119,000 after buying an additional 976 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 0.8 %

Shares of NASDAQ KTOS traded down $0.22 during mid-day trading on Monday, reaching $26.41. The company had a trading volume of 1,120,282 shares, compared to its average volume of 1,135,516. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.62. The stock's 50 day moving average is $24.44 and its 200-day moving average is $22.26. The stock has a market capitalization of $3.99 billion, a PE ratio of 272.40 and a beta of 1.02.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KTOS shares. Benchmark restated a "buy" rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. B. Riley cut shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Truist Financial reissued a "buy" rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.40.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacey G. Rock sold 4,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.40, for a total value of $89,600.00. Following the sale, the insider now owns 59,071 shares of the company's stock, valued at approximately $1,323,190.40. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,620 shares of company stock valued at $1,542,160. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.