By otakuyassine3@gmail.com 
Franklin Resources Inc. raised its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,798,859 shares of the aerospace company’s stock after purchasing an additional 304,088 shares during the quarter. Franklin Resources Inc. owned 1.85% of Kratos Defense & Security Solutions worth $70,951,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tidal Investments LLC lifted its position in shares of Kratos Defense & Security Solutions by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock worth $495,000 after buying an additional 4,638 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Barclays PLC grew its holdings in shares of Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after purchasing an additional 192,667 shares during the last quarter. Main Management ETF Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $1,772,000. Finally, XTX Topco Ltd acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $606,000. Institutional investors own 75.92% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on KTOS. Robert W. Baird boosted their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, JMP Securities lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.40.
View Our Latest Stock Report on KTOS
Kratos Defense & Security Solutions Trading Up 5.4 %
NASDAQ:KTOS opened at $28.29 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.71. 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 firm’s fifty day moving average is $25.51 and its 200-day moving average is $22.91. The firm has a market cap of $4.27 billion, a P/E ratio of 282.80 and a beta of 1.07.
Insider Buying and Selling at Kratos Defense & Security Solutions
In related news, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $106,920.00. Following the transaction, the insider now owns 47,007 shares in the company, valued at $1,256,497.11. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,765 shares of company stock valued at $1,663,507. 2.27% of the stock is currently owned by insiders.
Kratos Defense & Security Solutions Company Profile
Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.
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