Rockefeller Capital Management L.P. Purchases 162,444 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rockefeller Capital Management L.P. increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 60.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,265 shares of the aerospace company's stock after buying an additional 162,444 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.29% of Kratos Defense & Security Solutions worth $11,430,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management raised its position in shares of 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 valued at $35,000 after purchasing an additional 631 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $55,000. Finally, MRP Capital Investments LLC grew its stake 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 buying an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total transaction of $197,940.00. Following the sale, the insider now directly owns 288,048 shares of the company's stock, valued at $9,502,703.52. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the completion of the transaction, the insider now owns 404,133 shares of the company's stock, valued at $11,901,716.85. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,168 shares of company stock worth $2,525,600 in the last ninety days. Company insiders own 2.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KTOS. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price 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. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Royal Bank of Canada cut their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Kratos Defense & Security Solutions Trading Down 2.5 %

Shares of KTOS stock traded down $0.83 on Monday, hitting $32.26. The company had a trading volume of 162,532 shares, compared to its average volume of 1,605,067. The firm has a market cap of $4.93 billion, a P/E ratio of 322.90 and a beta of 1.01. The stock's 50-day moving average is $29.48 and its two-hundred day moving average is $28.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.05 and a twelve month high of $35.66.

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.