BancFirst Trust & Investment Management Takes $647,000 Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

BancFirst Trust & Investment Management purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,389 shares of the aerospace company’s stock, valued at approximately $647,000. Kratos Defense & Security Solutions makes up approximately 0.3% of BancFirst Trust & Investment Management’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company’s stock valued at $5,820,000 after purchasing an additional 3,770 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Kratos Defense & Security Solutions by 15.0% during the third 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 during the period. Franklin Resources Inc. increased its holdings in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after buying an additional 304,088 shares in the last quarter. 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 valued at $495,000 after acquiring an additional 4,638 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 0.8% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KTOS. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Truist Financial restated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.40.

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, December 30th. The shares were sold at an average price of $25.98, for a total value of $181,860.00. Following the transaction, the insider now owns 342,407 shares in the company, valued at approximately $8,895,733.86. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the sale, the insider now owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. This represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,358 shares of company stock worth $1,843,280. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Trading Up 0.5 %

NASDAQ:KTOS traded up $0.12 during mid-day trading on Thursday, reaching $26.50. The company’s stock had a trading volume of 428,609 shares, compared to its average volume of 1,131,937. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.71. The company’s fifty day simple moving average is $25.92 and its two-hundred day simple moving average is $23.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market cap of $4.00 billion, a P/E ratio of 265.03 and a beta of 1.07.

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.