TimesSquare Capital Management LLC Invests $15.62 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

TimesSquare Capital Management LLC bought a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 591,990 shares of the aerospace company's stock, valued at approximately $15,617,000. TimesSquare Capital Management LLC owned approximately 0.39% of Kratos Defense & Security Solutions as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third 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 during the period. Hemington Wealth Management grew its holdings in shares of 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 purchasing an additional 631 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 229.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company's stock valued at $95,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Down 2.8 %

Shares of KTOS traded down $0.73 during mid-day trading on Friday, hitting $25.26. 2,329,911 shares of the company's stock were exchanged, compared to its average volume of 1,900,042. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 252.63 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $35.66. 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 stock's 50-day moving average is $29.98 and its 200-day moving average is $26.06.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $26.51, for a total value of $185,570.00. Following the sale, the insider now owns 349,406 shares of the company's stock, valued at $9,262,753.06. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $160,380.00. Following the completion of the sale, the chief financial officer now directly owns 267,708 shares in the company, valued at approximately $7,155,834.84. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,181 shares of company stock valued at $2,851,426 over the last 90 days. 2.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of analyst reports. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Robert W. Baird increased their target price on shares of 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. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Four equities research 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 company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus price target of $30.67.

Kratos Defense & Security Solutions 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.