Norges Bank Buys New Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Norges Bank purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 196,462 shares of the aerospace company's stock, valued at approximately $5,183,000. Norges Bank owned approximately 0.13% of Kratos Defense & Security Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KTOS. Jones Financial Companies Lllp lifted its holdings in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after buying an additional 610 shares during the last quarter. Hemington Wealth Management raised its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock valued at $35,000 after acquiring an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter worth $53,000. SBI Securities Co. Ltd. acquired a new position in Kratos Defense & Security Solutions in the fourth quarter worth $55,000. Finally, MRP Capital Investments LLC increased its stake in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 500 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KTOS has been the topic of a number of recent research reports. JMP Securities restated 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 research note on Tuesday, April 8th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Finally, Truist Financial raised their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Performance

KTOS traded up $0.17 during trading hours on Tuesday, hitting $33.16. The company's stock had a trading volume of 172,543 shares, compared to its average volume of 1,594,580. The company has a 50-day simple moving average of $29.44 and a 200 day simple moving average of $28.11. 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 firm has a market capitalization of $5.07 billion, a PE ratio of 331.47 and a beta of 1.01. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $32.88, for a total transaction of $131,520.00. Following the sale, the insider now directly owns 106,906 shares in the company, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the completion of the sale, the chief financial officer now directly owns 331,271 shares of the company's stock, valued at approximately $9,699,614.88. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,668 shares of company stock valued at $2,377,610. 2.27% of the stock is currently owned by corporate insiders.

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.