Fuller & Thaler Asset Management Inc. Acquires 172,030 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Fuller & Thaler Asset Management Inc. increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,079,022 shares of the aerospace company's stock after purchasing an additional 172,030 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.38% of Kratos Defense & Security Solutions worth $54,845,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KTOS. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 90.5% in the fourth 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. Hemington Wealth Management raised its position in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after purchasing an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $53,000. SBI Securities Co. Ltd. bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $55,000. Finally, MRP Capital Investments LLC grew its stake in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KTOS. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, 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 note on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.13.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the sale, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David M. Carter sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $32.88, for a total value of $131,520.00. Following the transaction, the insider now owns 106,906 shares in the company, valued at $3,515,069.28. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,168 shares of company stock worth $2,293,480 over the last ninety days. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Up 2.0 %

Shares of Kratos Defense & Security Solutions stock traded up $0.67 on Tuesday, hitting $34.17. The stock had a trading volume of 311,600 shares, compared to its average volume of 1,615,115. The stock has a 50 day moving average of $30.07 and a 200 day moving average of $28.69. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.76 and a twelve month high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The firm has a market capitalization of $5.24 billion, a P/E ratio of 341.01 and a beta of 1.01.

About Kratos Defense & Security Solutions

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.