Lord Abbett & CO. LLC Raises Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Lord Abbett & CO. LLC lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 15.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 665,285 shares of the aerospace company's stock after purchasing an additional 86,567 shares during the quarter. Lord Abbett & CO. LLC owned 0.44% of Kratos Defense & Security Solutions worth $15,501,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KTOS. Dimensional Fund Advisors LP boosted its position in Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company's stock valued at $83,855,000 after buying an additional 136,696 shares during the period. FMR LLC lifted its stake in shares of Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock valued at $93,966,000 after acquiring an additional 233,051 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $82,883,000 after acquiring 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 acquiring an additional 304,088 shares during the last quarter. Finally, Hood River Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company's stock worth $53,960,000 after purchasing an additional 139,853 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 5.4 %

Kratos Defense & Security Solutions stock traded up $1.45 on Monday, hitting $28.29. 2,626,785 shares of the stock traded hands, compared to its average volume of 1,128,544. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.71. The firm has a market cap of $4.27 billion, a P/E ratio of 282.80 and a beta of 1.07. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $25.51 and its 200 day simple moving average is $22.91.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the insider now directly owns 51,063 shares of the company's stock, valued at approximately $1,172,406.48. This represents a 7.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $23.37, for a total transaction of $163,590.00. Following the completion of the transaction, the insider now directly owns 363,417 shares of the company's stock, valued at $8,493,055.29. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,765 shares of company stock valued at $1,663,507. Corporate insiders own 2.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KTOS. JMP Securities raised their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a report on Monday, November 11th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. B. Riley cut 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 research note on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.40.

About Kratos Defense & Security Solutions

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.