Natixis Advisors LLC Purchases 2,546 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Natixis Advisors LLC grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 16.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,792 shares of the aerospace company’s stock after buying an additional 2,546 shares during the period. Natixis Advisors LLC’s holdings in Kratos Defense & Security Solutions were worth $415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after acquiring an additional 136,696 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 5.5% during the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock worth $53,960,000 after buying an additional 139,853 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 0.8% in the second quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after buying an additional 19,104 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Kratos Defense & Security Solutions by 19.5% in the third quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock worth $21,358,000 after buying an additional 145,462 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 51.5% in the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock worth $14,438,000 after buying an additional 245,422 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $26.95 on Friday. The firm has a 50 day moving average of $24.78 and a 200-day moving average of $22.42. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 269.53 and a beta of 1.02. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month high of $28.62.

Insider Activity

In other news, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the sale, the senior vice president now owns 61,963 shares in the company, valued at approximately $1,370,621.56. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock worth $1,727,730 over the last three months. 2.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their target price for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial reissued a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, JMP Securities increased their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.