1 week Ago By Defense World Staff
Norges Bank bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 196,462 shares of the aerospace company’s stock, valued at approximately $5,183,000.
Norges Bank owned about 0.13% of Kratos Defense & Security Solutions at the end of the most recent quarter. A number of other large investors also recently modified their holdings of the stock.
Vanguard Group Inc. lifted its position in Kratos Defense & Security Solutions by 5.0% during the 4th quarter.
Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock valued at $388,301,000 after purchasing an additional 701,216 shares during the period. Geode Capital Management LLC boosted its stake in 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 valued at $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Franklin Resources Inc.
grew its holdings in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc.
now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after acquiring an additional 304,088 shares during the period. Rovida Investment Management Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $46,789,000. Finally, Charles Schwab Investment Management Inc.
boosted its position in shares of Kratos Defense & Security Solutions by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,513,437 shares of the aerospace company’s stock worth $39,924,000 after purchasing an additional 14,588 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.
Kratos Defense & Security Solutions Trading Up 10.1 %Shares of NASDAQ:KTOS opened at $31.83 on Thursday.
The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 318.33 and a beta of 1.
01. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.
05 and a 12 month high of $35.66. The company’s fifty day simple moving average is $29.
51 and its 200 day simple moving average is $27.88. The company has a quick ratio of 2.
61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.
Analysts Set New Price TargetsSeveral equities analysts have weighed in on KTOS shares. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.
00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday.
JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $35.
00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.
00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.
View Our Latest Research Report on KTOSInsiders Place Their BetsIn related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.
28, for a total transaction of $175,680.00. Following the completion of the transaction, the chief financial officer now owns 331,271 shares in the company, valued at approximately $9,699,614.
88. This represents a 1.78 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $33.
30, for a total transaction of $49,950.00. Following the completion of the sale, the senior vice president now owns 61,782 shares in the company, valued at $2,057,340.
60. The trade was a 2.37 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,668 shares of company stock worth $2,377,610. Corporate insiders own 2.
27% of the company’s stock. Kratos Defense & Security Solutions Profile (Free Report)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.Featured StoriesFive stocks we like better than Kratos Defense & Security SolutionsInsider Trades May Not Tell You What You ThinkQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHow to Calculate Options ProfitsAre Tariffs Threatening Disney’s Comeback Story?3 Healthcare Dividend Stocks to BuyIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.
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