Kratos Defense & Security Solutions, Inc. $KTOS Stake Lessened by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 37.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the aerospace company’s stock after selling 6,000 shares during the period. Bulltick Wealth Management LLC’s holdings in Kratos Defense & Security Solutions were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KTOS. Rovida Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $82,315,000. Vanguard Group Inc. grew its holdings in Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after acquiring an additional 1,728,179 shares during the period. Nuveen LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth about $41,118,000. Voya Investment Management LLC lifted its holdings in Kratos Defense & Security Solutions by 129.2% in the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock valued at $64,226,000 after acquiring an additional 1,219,585 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Kratos Defense & Security Solutions by 75.2% during the 1st quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company’s stock valued at $71,329,000 after purchasing an additional 1,031,223 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KTOS has been the topic of a number of research reports. BTIG Research boosted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Canaccord Genuity Group boosted their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $82.36.

Kratos Defense & Security Solutions Stock Up 1.1%

Shares of Kratos Defense & Security Solutions stock opened at $72.45 on Monday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $23.90 and a 1 year high of $112.57. The company has a market cap of $12.23 billion, a P/E ratio of 724.57 and a beta of 1.11. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $84.61 and a 200 day moving average price of $61.84.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $73.64, for a total transaction of $294,560.00. Following the completion of the sale, the insider owned 89,809 shares of the company’s stock, valued at $6,613,534.76. This trade represents a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $90.26, for a total transaction of $451,300.00. Following the completion of the transaction, the chief financial officer directly owned 303,114 shares in the company, valued at $27,359,069.64. This trade represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 82,716 shares of company stock worth $6,608,725. Insiders own 2.37% of the company’s stock.

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.