Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,126 shares of the aerospace company's stock after selling 19,834 shares during the quarter. Thrivent Financial for Lutherans' holdings in Kratos Defense & Security Solutions were worth $1,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew 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 buying an additional 610 shares during the period. Hemington Wealth Management lifted its holdings 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 acquiring an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth approximately $53,000. SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $55,000. Finally, Rothschild Investment LLC raised its position in Kratos Defense & Security Solutions by 370.0% in the fourth quarter. Rothschild Investment LLC now owns 2,585 shares of the aerospace company's stock valued at $68,000 after purchasing an additional 2,035 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Down 8.5 %

KTOS stock traded down $2.60 during mid-day trading on Friday, reaching $27.82. The company had a trading volume of 2,558,363 shares, compared to its average volume of 1,566,011. The firm has a fifty day simple moving average of $29.85 and a 200 day simple moving average of $27.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 278.23 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

Insider Activity

In related news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the completion of the transaction, the insider now directly owns 106,906 shares of the company's stock, valued at approximately $3,515,069.28. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $172,130.00. Following the sale, 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. In the last quarter, insiders sold 106,196 shares of company stock worth $3,079,290. Corporate insiders own 2.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KTOS shares. Truist Financial increased 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

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.