Managed Asset Portfolios LLC Buys 16,696 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Managed Asset Portfolios LLC increased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 754,761 shares of the aerospace company’s stock after acquiring an additional 16,696 shares during the quarter. Kratos Defense & Security Solutions comprises approximately 2.5% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 19th biggest holding. Managed Asset Portfolios LLC’s holdings in Kratos Defense & Security Solutions were worth $17,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. grew its stake in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd 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 in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Finally, EntryPoint Capital LLC raised its holdings in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after buying an additional 1,506 shares during the period. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KTOS. Truist Financial reissued a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. B. Riley downgraded 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. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.40.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $26.63 on Friday. 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 has a 50 day moving average price of $24.44 and a 200 day moving average price of $22.22. The stock has a market capitalization of $4.02 billion, a PE ratio of 266.33 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.62.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 6,603 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the transaction, the insider now directly owns 23,848 shares in the company, valued at $593,338.24. The trade was a 21.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the completion of the sale, the senior vice president now owns 61,963 shares of the company’s stock, valued at $1,370,621.56. This trade represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,700,220 in the last 90 days. Corporate insiders own 2.27% of the company’s stock.

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.