Wealth Quarterback LLC Has $525,000 Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Wealth Quarterback LLC lessened its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,302 shares of the aerospace company’s stock after selling 997 shares during the period. Wealth Quarterback LLC’s holdings in Kratos Defense & Security Solutions were worth $525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KTOS. Teacher Retirement System of Texas bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $656,000. Bank of New York Mellon Corp increased its stake in shares of Kratos Defense & Security Solutions by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company’s stock valued at $36,277,000 after purchasing an additional 24,455 shares during the last quarter. Xponance Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 7.1% during the 1st quarter. Xponance Inc. now owns 11,269 shares of the aerospace company’s stock worth $335,000 after buying an additional 748 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $661,000. Finally, New York State Common Retirement Fund boosted its stake in Kratos Defense & Security Solutions by 17.1% in the first quarter. New York State Common Retirement Fund now owns 322,022 shares of the aerospace company’s stock valued at $9,561,000 after buying an additional 47,010 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Down 3.3%

Shares of NASDAQ:KTOS opened at $76.59 on Wednesday. The firm has a market cap of $12.93 billion, a P/E ratio of 765.98 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $112.57. The business has a fifty day simple moving average of $84.05 and a 200 day simple moving average of $61.00. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 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 $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. During the same quarter in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

KTOS has been the subject of a number of research reports. Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $72.00 to $105.00 in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.36.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $73.64, for a total transaction of $294,560.00. Following the transaction, the insider owned 89,809 shares of the company’s stock, valued at $6,613,534.76. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $91.25, for a total value of $638,750.00. Following the transaction, the insider directly owned 332,421 shares in the company, valued at approximately $30,333,416.25. This trade represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,716 shares of company stock valued at $7,152,105 over the last ninety days. Insiders own 2.37% of the company’s stock.

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.