Rockefeller Capital Management L.P. Makes New $6.31 Million Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rockefeller Capital Management L.P. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 270,821 shares of the aerospace company’s stock, valued at approximately $6,310,000. Rockefeller Capital Management L.P. owned about 0.18% of Kratos Defense & Security Solutions at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. boosted its stake 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 worth $25,000 after buying an additional 444 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 582.3% in 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 bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $36,000. Finally, Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions in the third quarter worth $39,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. This trade represents a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the sale, the insider now owns 272,570 shares in the company, valued at $6,034,699.80. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,620 shares of company stock worth $1,503,670 over the last three months. Company insiders own 2.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Finally, Truist Financial reissued a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Trading Down 2.0 %

Shares of KTOS opened at $26.36 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.71 and a 1-year high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $24.99 and its 200-day moving average price is $22.59. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 263.63 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.