BancFirst Trust & Investment Management Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

BancFirst Trust & Investment Management acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,389 shares of the aerospace company’s stock, valued at approximately $647,000. Kratos Defense & Security Solutions accounts for about 0.3% of BancFirst Trust & Investment Management’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company’s stock worth $5,820,000 after buying an additional 3,770 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after acquiring an additional 86,567 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the last quarter. Tidal Investments LLC grew its stake in Kratos Defense & Security Solutions by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after purchasing an additional 4,638 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Thomas E. Iv Mills sold 11,516 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.98, for a total value of $322,217.68. Following the completion of the transaction, the insider now owns 12,315 shares in the company, valued at $344,573.70. This represents a 48.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the transaction, the insider now directly owns 51,063 shares in the company, valued at approximately $1,172,406.48. The trade was a 7.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,358 shares of company stock worth $1,843,280. Insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KTOS shares. 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Jefferies Financial Group increased their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.40.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS traded up $0.12 during midday trading on Thursday, hitting $26.50. 428,609 shares of the stock traded hands, compared to its average volume of 1,131,937. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.71. The business’s 50 day moving average price is $25.92 and its two-hundred day moving average price is $23.42. The firm has a market capitalization of $4.00 billion, a PE ratio of 265.03 and a beta of 1.07.

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.