Cookson Peirce & Co. Inc. Takes $2.35 Million Position in Kratos Defense & Security Solutions, Inc. $KTOS

Cookson Peirce & Co. Inc. bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 50,583 shares of the aerospace company’s stock, valued at approximately $2,350,000.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $594,000. Corebridge Financial Inc. boosted its position in shares of Kratos Defense & Security Solutions by 5.2% in the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock valued at $2,299,000 after purchasing an additional 3,860 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Kratos Defense & Security Solutions by 15.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock valued at $4,552,000 after purchasing an additional 13,345 shares during the period. Trivium Point Advisory LLC boosted its position in shares of Kratos Defense & Security Solutions by 25.0% in the 2nd quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock valued at $1,041,000 after purchasing an additional 4,483 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $1,407,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial upped their target price 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. Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, October 2nd. Royal Bank Of Canada increased 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. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was 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 owned 308,069 shares of the company’s stock, valued at approximately $28,351,590.07. The trade was a 1.60% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $96.90, for a total value of $581,400.00. Following the sale, the insider directly owned 252,041 shares of the company’s stock, valued at approximately $24,422,772.90. This trade represents a 2.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,716 shares of company stock valued at $6,399,245. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $90.62 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The stock has a fifty day moving average of $78.53 and a two-hundred day moving average of $55.04. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 906.29 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $22.69 and a fifty-two week high of $112.57.

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

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.