Loomis Sayles & Co. L P Has $65.67 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Loomis Sayles & Co. L P reduced its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,489,293 shares of the aerospace company’s stock after selling 72,742 shares during the period. Loomis Sayles & Co. L P owned approximately 1.65% of Kratos Defense & Security Solutions worth $65,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KTOS. Victory Capital Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 27.0% in the third quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock valued at $560,000 after acquiring an additional 5,101 shares during the period. Natixis Advisors LLC raised its stake in Kratos Defense & Security Solutions by 16.7% in the 3rd quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 2,546 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of Kratos Defense & Security Solutions by 12.0% during the 3rd quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company’s stock worth $1,908,000 after purchasing an additional 8,799 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $826,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock worth $34,923,000 after purchasing an additional 35,421 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KTOS. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Royal Bank of Canada dropped their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Robert W. Baird boosted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $31.42 on Thursday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 314.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a 50 day simple moving average of $30.44 and a 200 day simple moving average of $27.28. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.05 and a 1 year high of $35.66.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.38, for a total value of $188,280.00. Following the completion of the transaction, the insider now directly owns 293,897 shares in the company, valued at approximately $9,222,487.86. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by insiders.

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.