TimesSquare Capital Management LLC Buys Shares of 591,990 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

TimesSquare Capital Management LLC purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 591,990 shares of the aerospace company’s stock, valued at approximately $15,617,000. TimesSquare Capital Management LLC owned approximately 0.39% of Kratos Defense & Security Solutions at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Kratos Defense & Security Solutions by 45.3% during the 4th quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock valued at $34,087,000 after buying an additional 402,588 shares in the last quarter. American Capital Management Inc. increased its position in Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after buying an additional 305,925 shares in the last quarter. Franklin Resources Inc. increased its position in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after buying an additional 304,088 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $6,310,000. Finally, FMR LLC increased its position in Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after buying an additional 233,051 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Trading Down 0.7 %

Kratos Defense & Security Solutions stock opened at $26.85 on Thursday. The firm has a market cap of $4.07 billion, a PE ratio of 268.53 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66. The stock’s 50 day simple moving average is $30.02 and its two-hundred day simple moving average is $25.99. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the sale, the chief financial officer now directly owns 292,873 shares of the company’s stock, valued at approximately $9,632,592.97. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the sale, the insider now directly owns 103,430 shares in the company, valued at approximately $2,739,860.70. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,044 shares of company stock valued at $2,576,338. Corporate insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of several recent analyst reports. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, six have given 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

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.