New York State Common Retirement Fund Sells 95,862 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

New York State Common Retirement Fund decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 23.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 309,927 shares of the aerospace company’s stock after selling 95,862 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of Kratos Defense & Security Solutions worth $28,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at $30,000. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth about $31,000. Bayforest Capital Ltd acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $32,000. Whittier Trust Co. bought a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $38,000. Finally, NewEdge Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 30,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $74.08, for a total transaction of $2,222,400.00. Following the completion of the transaction, the chief financial officer owned 273,285 shares in the company, valued at approximately $20,244,952.80. This represents a 9.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric M. Demarco sold 200,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $74.09, for a total value of $14,818,000.00. Following the transaction, the chief executive officer owned 1,196,237 shares of the company’s stock, valued at approximately $88,629,199.33. The trade was a 14.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 916,815 shares of company stock valued at $74,934,931. 2.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on KTOS. Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price objective on the stock. KeyCorp increased their price target on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Citizens Jmp lifted their price objective on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, January 12th. Finally, The Goldman Sachs Group raised their target price on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $95.28.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $103.01 on Friday. The stock’s fifty day simple moving average is $90.91 and its 200 day simple moving average is $80.28. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $17.39 billion, a PE ratio of 792.45 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The company had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

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.