Strs Ohio Boosts Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Strs Ohio lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 33.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,100 shares of the aerospace company’s stock after purchasing an additional 7,100 shares during the period. Strs Ohio’s holdings in Kratos Defense & Security Solutions were worth $2,567,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in KTOS. Bayforest Capital Ltd purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $32,000. Sound Income Strategies LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $51,000. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at $31,000. TD Waterhouse Canada Inc. purchased a new position in Kratos Defense & Security Solutions in the second quarter valued at $30,000. Finally, Farther Finance Advisors LLC grew its stake in Kratos Defense & Security Solutions by 129.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 503 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $111.32 on Tuesday. The business has a 50 day moving average price of $87.62 and a 200 day moving average price of $79.03. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 856.37 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS 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 analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KTOS. KeyCorp assumed coverage on Kratos Defense & Security Solutions in a research report on Thursday, December 18th. They issued an “overweight” rating and a $90.00 price target on the stock. JMP Securities upped their target price on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 2nd. Piper Sandler initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity

In other news, insider Stacey G. Rock sold 16,568 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the transaction, the insider directly owned 26,487 shares in the company, valued at approximately $3,092,092.38. This trade represents a 38.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Carter sold 8,123 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $105.40, for a total transaction of $856,164.20. Following the transaction, the insider directly owned 81,816 shares in the company, valued at $8,623,406.40. The trade was a 9.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 904,815 shares of company stock worth $73,587,741 over the last three months. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.