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

Thrivent Financial for Lutherans cut its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,126 shares of the aerospace company's stock after selling 19,834 shares during the period. Thrivent Financial for Lutherans' holdings in Kratos Defense & Security Solutions were worth $1,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WealthPlan Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $461,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $207,000. Lord Abbett & CO. LLC lifted its holdings in Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock worth $15,501,000 after buying an additional 86,567 shares in the last quarter. MRA Advisory Group purchased a new position in Kratos Defense & Security Solutions in the 4th quarter valued at approximately $448,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock valued at $801,000 after acquiring an additional 16,650 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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Kratos Defense & Security Solutions Stock Down 2.4 %

Shares of Kratos Defense & Security Solutions stock traded down $0.74 during trading hours on Thursday, hitting $30.42. 1,980,452 shares of the company's stock traded hands, compared to its average volume of 1,553,385. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66. The stock has a 50 day simple moving average of $30.06 and a 200-day simple moving average of $27.58. The company has a market cap of $4.65 billion, a PE ratio of 304.23 and a beta of 1.12.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research 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 note on Monday. Royal Bank of Canada decreased their price target on 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, Truist Financial upped their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.67.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $28.96, for a total value of $115,840.00. Following the sale, the insider now owns 57,267 shares in the company, valued at approximately $1,658,452.32. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now owns 61,782 shares of the company's stock, valued at approximately $2,057,340.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,196 shares of company stock worth $2,903,610. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Company Profile

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.