Lord Abbett & CO. LLC Increases Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Lord Abbett & CO. LLC grew its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 140.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,599,740 shares of the aerospace company's stock after buying an additional 934,455 shares during the quarter. Lord Abbett & CO. LLC owned 1.06% of Kratos Defense & Security Solutions worth $42,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in KTOS. Barclays PLC increased its holdings in shares of Kratos Defense & Security Solutions by 239.5% in the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after purchasing an additional 192,667 shares during the last quarter. Tidal Investments LLC boosted its position in 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 in the last quarter. Franklin Resources Inc. lifted its position in shares of Kratos Defense & Security Solutions by 12.2% during 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 during the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $5,820,000 after purchasing an additional 3,770 shares in the last quarter. Finally, BancFirst Trust & Investment Management purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $647,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.46, for a total transaction of $234,220.00. Following the transaction, the insider now owns 399,454 shares of the company's stock, valued at $13,365,730.84. This represents a 1.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the sale, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,168 shares of company stock valued at $2,527,700 over the last ninety days. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Up 3.0 %

Kratos Defense & Security Solutions stock traded up $1.01 during trading hours on Thursday, reaching $34.80. 661,634 shares of the company's stock were exchanged, compared to its average volume of 1,618,442. The firm has a market capitalization of $5.33 billion, a PE ratio of 346.56 and a beta of 1.01. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $30.41 and its 200 day simple moving average is $28.76. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.76 and a twelve month high of $35.66.

Analysts Set New Price Targets

KTOS has been the topic of a number of recent research reports. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Finally, Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.13.

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.