Meeder Asset Management Inc. Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,254 shares of the aerospace company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new position in Kratos Defense & Security Solutions during the 1st quarter worth $46,177,000. Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 108.7% during the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after acquiring an additional 511,538 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 101.9% during the 2nd quarter. Van ECK Associates Corp now owns 744,100 shares of the aerospace company’s stock worth $14,889,000 after acquiring an additional 375,608 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 0.7 %

KTOS opened at $25.22 on Thursday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 252.20 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.62. The business has a 50 day moving average of $24.20 and a 200-day moving average of $22.11. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KTOS. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial reissued a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.40.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the sale, the senior vice president now directly owns 61,963 shares in the company, valued at $1,370,621.56. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the completion of the sale, the insider now directly owns 272,570 shares in the company, valued at approximately $6,034,699.80. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,620 shares of company stock valued at $1,700,220 over the last ninety days. 2.27% of the stock is owned by company 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.