Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 36.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,928 shares of the aerospace company’s stock after selling 25,955 shares during the period. Hodges Capital Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $4,196,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Kratos Defense & Security Solutions by 22.6% in the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after acquiring an additional 35,098 shares in the last quarter. Amundi purchased a new position in Kratos Defense & Security Solutions in the 1st quarter valued at $791,000. NewEdge Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 515 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Kratos Defense & Security Solutions by 178.0% during the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after buying an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kratos Defense & Security Solutions by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after buying an additional 41,265 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Up 3.3%

NASDAQ KTOS opened at $91.97 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The stock has a market capitalization of $15.67 billion, a P/E ratio of 707.52 and a beta of 1.09. The firm’s 50-day moving average is $95.03 and its two-hundred day moving average is $83.55. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month high of $134.00.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BNP Paribas Exane set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, January 12th. Citizens Jmp upped their price target on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group upped their target price on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.71.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total value of $2,244,000.00. Following the sale, the insider owned 9,348 shares of the company’s stock, valued at $699,230.40. The trade was a 76.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William A. Hoglund sold 75,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.35, for a total value of $5,576,250.00. Following the transaction, the director owned 147,193 shares of the company’s stock, valued at approximately $10,943,799.55. This represents a 33.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 914,407 shares of company stock worth $74,930,858. 2.37% of the stock is owned by company insiders.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.