Louisiana State Employees Retirement System Sells 300 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Louisiana State Employees Retirement System lowered its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,700 shares of the aerospace company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Kratos Defense & Security Solutions were worth $3,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KTOS. GAMMA Investing LLC increased its holdings in Kratos Defense & Security Solutions by 4,072.6% during the 1st quarter. GAMMA Investing LLC now owns 17,191 shares of the aerospace company’s stock worth $510,000 after acquiring an additional 16,779 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth approximately $1,367,000. Yousif Capital Management LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth approximately $1,328,000. Salem Investment Counselors Inc. increased its holdings in Kratos Defense & Security Solutions by 5.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company’s stock worth $266,000 after acquiring an additional 475 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth approximately $594,000. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $102.81, for a total value of $411,240.00. Following the completion of the sale, the insider owned 93,809 shares of the company’s stock, valued at approximately $9,644,503.29. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $92.03, for a total transaction of $460,150.00. Following the completion of the sale, the chief financial officer directly owned 308,069 shares of the company’s stock, valued at $28,351,590.07. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,276 shares of company stock worth $6,088,481 in the last ninety days. 2.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the stock from $72.00 to $105.00 in a report on Wednesday. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, June 30th. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. Finally, Canaccord Genuity Group increased their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.14.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $98.55 on Friday. The company’s fifty day moving average price is $73.85 and its 200-day moving average price is $51.55. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 985.60 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a one year low of $22.69 and a one year high of $112.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm had revenue of $351.50 million for the quarter, compared to analyst estimates of $305.67 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.