First Eagle Investment Management LLC Raises Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

First Eagle Investment Management LLC increased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 430,563 shares of the aerospace company’s stock after acquiring an additional 11,800 shares during the period. First Eagle Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $11,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. Jones Financial Companies Lllp raised its position 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 valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management raised its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th 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. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $39,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were 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. The trade was a 7.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,181 shares of company stock worth $3,256,346 in the last three months. Insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $30.43 on Friday. The company’s 50-day moving average price is $30.20 and its 200-day moving average price is $26.71. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.78 and a twelve month high of $35.66. 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 company has a market cap of $4.65 billion, a PE ratio of 304.33 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KTOS shares. Jefferies Financial Group raised their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.