State of New Jersey Common Pension Fund D Sells 22,305 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

State of New Jersey Common Pension Fund D reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 28.1% during the 2nd quarter, Holdings Channel reports. The fund owned 57,011 shares of the aerospace company’s stock after selling 22,305 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kratos Defense & Security Solutions were worth $2,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $594,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Kratos Defense & Security Solutions by 143.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,485 shares of the aerospace company’s stock valued at $668,000 after buying an additional 13,252 shares during the period. KBC Group NV raised its stake in Kratos Defense & Security Solutions by 9.5% during the 1st quarter. KBC Group NV now owns 6,993 shares of the aerospace company’s stock worth $208,000 after buying an additional 607 shares during the period. Amalgamated Bank raised its stake in Kratos Defense & Security Solutions by 757.2% during the 1st quarter. Amalgamated Bank now owns 43,357 shares of the aerospace company’s stock worth $1,287,000 after buying an additional 38,299 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth approximately $1,407,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Trading Down 1.0%

NASDAQ:KTOS opened at $89.78 on Wednesday. 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. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 897.89 and a beta of 1.12. The business has a fifty day moving average price of $80.65 and a 200-day moving average price of $57.27.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. During the same quarter in the prior year, the business posted $0.14 EPS. Kratos Defense & Security Solutions’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. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $65.10, for a total value of $325,500.00. Following the completion of the transaction, the chief financial officer owned 313,327 shares of the company’s stock, valued at approximately $20,397,587.70. This trade represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $68.82, for a total transaction of $412,920.00. Following the completion of the transaction, the insider directly owned 258,073 shares of the company’s stock, valued at approximately $17,760,583.86. The trade was a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 78,716 shares of company stock worth $5,989,535. Insiders own 2.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group upped their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their target price on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $77.36.

Kratos Defense & Security Solutions 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.