Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Position Raised by MetLife Investment Management LLC

MetLife Investment Management LLC grew its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 89,329 shares of the aerospace company’s stock after purchasing an additional 3,920 shares during the period. MetLife Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $2,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KTOS. Summit Investment Advisors Inc. grew its holdings in Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 490 shares during the period. MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 500 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares in the last quarter. Finally, ORG Partners LLC lifted its stake in Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after purchasing an additional 621 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 0.9 %

Shares of NASDAQ KTOS opened at $33.59 on Monday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a one year low of $17.76 and a one year high of $35.66. The business has a 50-day moving average price of $29.94 and a two-hundred day moving average price of $28.63. The firm has a market capitalization of $5.15 billion, a PE ratio of 335.93 and a beta of 1.01.

Analysts Set New Price Targets

KTOS has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Royal Bank of Canada decreased their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Finally, Robert W. Baird raised 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 report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $34.13.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the sale, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the sale, the insider now directly owns 12,215 shares of the company’s stock, valued at approximately $331,515.10. The trade was a 41.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,168 shares of company stock valued at $2,293,480 over the last three months. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Company 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.