Future Fund LLC Purchases 33,051 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Future Fund LLC raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 182.8% during the first quarter, Holdings Channel reports. The firm owned 51,136 shares of the aerospace company’s stock after purchasing an additional 33,051 shares during the period. Kratos Defense & Security Solutions comprises 1.3% of Future Fund LLC’s portfolio, making the stock its 21st largest holding. Future Fund LLC’s holdings in Kratos Defense & Security Solutions were worth $3,606,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $25,000. Atlantic Union Bankshares Corp lifted its holdings in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the period. Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at $31,000. Murphy & Mullick Capital Management Corp boosted its position in Kratos Defense & Security Solutions by 115.4% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 225 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at $37,000. 75.92% of the stock is owned by institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $52.13, for a total transaction of $338,845.00. Following the transaction, the insider directly owned 221,550 shares of the company’s stock, valued at approximately $11,549,401.50. This represents a 2.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 35,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $58.23, for a total value of $2,038,050.00. Following the completion of the transaction, the insider owned 309,087 shares in the company, valued at approximately $17,998,136.01. The trade was a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 148,036 shares of company stock valued at $8,455,857 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 2.0%

KTOS opened at $46.03 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $45.58 and a 1-year high of $134.00. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $8.63 billion, a P/E ratio of 270.76 and a beta of 1.07. The company has a fifty day moving average price of $54.26 and a two-hundred day moving average price of $75.76.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. BTIG Research cut their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Citizens Jmp decreased their target price on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada lowered their target price on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, The Goldman Sachs Group dropped their price target on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

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.