Voya Investment Management LLC Has $24.89 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Voya Investment Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 435.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 943,638 shares of the aerospace company's stock after purchasing an additional 767,345 shares during the period. Voya Investment Management LLC owned approximately 0.62% of Kratos Defense & Security Solutions worth $24,893,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Rovida Investment Management Ltd purchased a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $46,789,000. Raymond James Financial Inc. bought a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $28,944,000. Vanguard Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after buying an additional 701,216 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $15,631,000. Finally, TimesSquare Capital Management LLC bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $15,617,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 3.5 %

KTOS stock traded up $1.21 during mid-day trading on Friday, reaching $36.14. The company had a trading volume of 1,304,031 shares, compared to its average volume of 1,623,597. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.76 and a 52 week high of $36.84. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 361.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a 50 day simple moving average of $30.62 and a two-hundred day simple moving average of $28.83.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $33.46, for a total value of $234,220.00. Following the sale, the insider now owns 399,454 shares in the company, valued at approximately $13,365,730.84. This represents a 1.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the sale, the senior vice president now directly owns 60,443 shares of the company's stock, valued at $1,639,214.16. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,168 shares of company stock valued at $2,527,700. 2.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KTOS shares. Royal Bank of Canada cut their price target on 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. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Truist Financial upped their target price 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, April 17th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.