Bosun Asset Management LLC Grows Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bosun Asset Management LLC raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 14.5% during the 4th quarter, HoldingsChannel reports. The firm owned 21,198 shares of the aerospace company’s stock after acquiring an additional 2,678 shares during the period. Bosun Asset Management LLC’s holdings in Kratos Defense & Security Solutions were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 5.0% during 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 during the last quarter. FMR LLC boosted its holdings in Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock valued at $114,510,000 after purchasing an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. increased its position in Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock worth $82,576,000 after purchasing an additional 203,245 shares during the period. Franklin Resources Inc. raised its stake in shares of Kratos Defense & Security Solutions by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after buying an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 9.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company’s stock valued at $54,845,000 after buying an additional 172,030 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $33.91, for a total value of $135,640.00. Following the completion of the transaction, the insider now directly owns 53,812 shares in the company, valued at approximately $1,824,764.92. The trade was a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas E. Iv Mills sold 8,637 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total value of $234,408.18. Following the transaction, the insider now owns 12,215 shares in the company, valued at $331,515.10. This trade represents a 41.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,168 shares of company stock worth $2,537,940. 2.37% of the stock is owned by insiders.

Kratos Defense & Security Solutions Trading Down 1.1 %

Shares of KTOS opened at $35.88 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $36.85. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 358.84 and a beta of 1.03. The firm has a 50 day simple moving average of $31.07 and a 200-day simple moving average of $29.03.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KTOS shares. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday. Finally, Truist Financial boosted their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.