Paradigm Capital Management Inc. NY Makes New $34.84 Million Investment in Kratos Defense & Security Solutions, Inc. $KTOS

Paradigm Capital Management Inc. NY acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 698,800 shares of the aerospace company’s stock, valued at approximately $34,842,000. Kratos Defense & Security Solutions makes up about 0.9% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 23rd biggest holding. Paradigm Capital Management Inc. NY owned approximately 0.37% of Kratos Defense & Security Solutions as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KTOS. Geode Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock valued at $337,565,000 after purchasing an additional 148,622 shares in the last quarter. Morgan Stanley raised its holdings in Kratos Defense & Security Solutions by 3.9% during the fourth quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock worth $251,345,000 after purchasing an additional 124,607 shares in the last quarter. Invesco Ltd. raised its holdings in Kratos Defense & Security Solutions by 7.4% during the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after purchasing an additional 209,189 shares in the last quarter. Northern Trust Corp lifted its position in shares of Kratos Defense & Security Solutions by 13.6% during the 3rd quarter. Northern Trust Corp now owns 2,072,700 shares of the aerospace company’s stock worth $189,383,000 after buying an additional 247,652 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 7,701.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock valued at $120,966,000 after buying an additional 1,573,123 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Jefferies Financial Group set a $105.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, August 5th. Truist Financial decreased their price objective on shares of Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. The Goldman Sachs Group dropped their price objective on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $99.00 to $82.00 in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.47.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $53.07 on Tuesday. The stock has a market capitalization of $9.96 billion, a PE ratio of 312.18 and a beta of 1.08. Kratos Defense & Security Solutions, Inc. has a 52-week low of $43.09 and a 52-week high of $134.00. The stock’s 50-day moving average price is $52.68 and its 200 day moving average price is $66.23. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The firm had revenue of $458.80 million during the quarter, compared to the consensus estimate of $410.36 million. During the same period in the prior year, the business earned $0.11 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $63.74, for a total transaction of $318,700.00. Following the completion of the sale, the chief financial officer owned 290,161 shares in the company, valued at $18,494,862.14. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total value of $635,000.00. Following the sale, the director directly owned 65,123 shares of the company’s stock, valued at approximately $4,135,310.50. This represents a 13.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 430,688 shares of company stock valued at $26,859,642. 1.50% 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.