Victory Capital Management Inc. Grows Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Victory Capital Management Inc. lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,021 shares of the aerospace company’s stock after buying an additional 5,101 shares during the period. Victory Capital Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $560,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KTOS. Contravisory Investment Management Inc. grew its position in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in 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 in the last quarter. MFA Wealth Advisors LLC purchased a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth $30,000. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $61,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial restated a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, JMP Securities lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Trading Down 1.1 %

Kratos Defense & Security Solutions stock opened at $26.95 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. The firm’s 50-day moving average is $24.78 and its 200-day moving average is $22.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $4.07 billion, a P/E ratio of 269.53 and a beta of 1.02.

Insider Buying and Selling

In related news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total transaction of $134,460.00. Following the completion of the transaction, the chief financial officer now owns 285,905 shares in the company, valued at $6,407,131.05. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $23.37, for a total value of $163,590.00. Following the completion of the sale, the insider now directly owns 363,417 shares in the company, valued at $8,493,055.29. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,727,730 over the last quarter. 2.27% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Profile

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.