Federated Hermes Inc. Raises Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Federated Hermes Inc. lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4,843.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,851 shares of the aerospace company’s stock after buying an additional 274,190 shares during the quarter. Federated Hermes Inc.’s holdings in Kratos Defense & Security Solutions were worth $25,570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KTOS. Bayforest Capital Ltd acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. Whittier Trust Co. purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $38,000. Sound Income Strategies LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $51,000. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions during the second quarter worth about $31,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth about $30,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $103.01 on Friday. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00. The business has a fifty day moving average of $90.91 and a 200-day moving average of $80.28. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 792.45 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, Director William A. Hoglund sold 75,000 shares of the business’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 completion of the transaction, the director directly owned 147,193 shares in the company, valued at approximately $10,943,799.55. The trade was a 33.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonah Adelman sold 30,000 shares of the stock in a transaction 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 transaction, the insider directly owned 9,348 shares in the company, valued at approximately $699,230.40. This represents a 76.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 916,815 shares of company stock valued at $74,934,931. 2.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KTOS shares. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, January 12th. Canaccord Genuity Group lifted their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Jones Trading began coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They issued a “buy” rating on the stock. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Finally, B. Riley boosted their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $95.28.

Kratos Defense & Security Solutions Profile

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.