Price T Rowe Associates Inc. MD Sells 62,922 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Price T Rowe Associates Inc. MD reduced its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 33.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,801 shares of the aerospace company's stock after selling 62,922 shares during the period. Price T Rowe Associates Inc. MD owned about 0.08% of Kratos Defense & Security Solutions worth $3,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Summit Investment Advisors Inc. raised its stake in shares of Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock valued at $408,000 after acquiring an additional 490 shares during the last quarter. MRP Capital Investments LLC raised its position in Kratos Defense & Security Solutions by 28.6% in 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 during the last quarter. Arizona State Retirement System boosted its stake in Kratos Defense & Security Solutions by 1.4% in the fourth 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 in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Kratos Defense & Security Solutions by 90.5% during 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 during the last quarter. Finally, ORG Partners LLC increased its stake in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after buying an additional 621 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $33.91, for a total value of $203,460.00. Following the completion of the sale, the chief financial officer now owns 325,427 shares in the company, valued at $11,035,229.57. This represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric M. Demarco bought 9,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the acquisition, the chief executive officer now owns 1,267,482 shares of the company's stock, valued at approximately $33,398,150.70. This represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 87,168 shares of company stock worth $2,537,940. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $35.88 on Tuesday. The stock has a 50-day moving average of $31.07 and a 200-day moving average of $29.03. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $36.85. The stock has a market cap of $5.50 billion, a PE ratio of 358.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Friday. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on 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. Finally, Truist Financial raised their price target 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.13.

Kratos Defense & Security Solutions 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.

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