New York State Common Retirement Fund Purchases 130,408 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

New York State Common Retirement Fund lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 90.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 275,012 shares of the aerospace company's stock after acquiring an additional 130,408 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of Kratos Defense & Security Solutions worth $7,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Quarterback LLC lifted its holdings in shares of 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 worth $326,000 after buying an additional 528 shares in the last quarter. ORG Partners LLC increased its holdings in Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after purchasing an additional 621 shares during the period. Hemington Wealth Management lifted its position in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after purchasing an additional 631 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. Finally, KBC Group NV grew its holdings 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 purchasing an additional 976 shares during the period. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now owns 370,660 shares of the company's stock, valued at $9,114,529.40. This represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, 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. Over the last quarter, insiders sold 99,181 shares of company stock worth $2,837,986. 2.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KTOS. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Jefferies Financial Group upped their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded up $0.12 during trading on Friday, hitting $26.39. The company had a trading volume of 2,860,618 shares, compared to its average volume of 1,240,501. The firm has a market capitalization of $4.00 billion, a P/E ratio of 263.93 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66. The stock has a 50 day simple moving average of $29.87 and a 200 day simple moving average of $26.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

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.