Principal Financial Group Inc. Sells 5,100 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Principal Financial Group Inc. trimmed its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 30.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,842 shares of the aerospace company’s stock after selling 5,100 shares during the period. Principal Financial Group Inc.’s holdings in Kratos Defense & Security Solutions were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. increased its position in shares of 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 worth $25,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares in the last quarter. MFA Wealth Advisors LLC purchased 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 shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $36,000. Finally, EntryPoint Capital LLC increased its stake in shares of Kratos Defense & Security Solutions by 179.1% during the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 1,506 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of research analyst reports. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $25.40.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.37, for a total value of $163,590.00. Following the transaction, the insider now directly owns 363,417 shares of the company’s stock, valued at $8,493,055.29. The trade was a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,620 shares of company stock worth $1,542,160. 2.27% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of KTOS stock opened at $26.41 on Tuesday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 272.40 and a beta of 1.02. The company’s 50-day moving average price is $24.44 and its 200-day moving average price is $22.26.

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.