Bamco Inc. NY Reduces Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Bamco Inc. NY lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 52.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,932,889 shares of the aerospace company’s stock after selling 2,151,380 shares during the quarter. Bamco Inc. NY’s holdings in Kratos Defense & Security Solutions were worth $176,608,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KTOS. Royal Bank of Canada increased its position in Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock worth $5,655,000 after purchasing an additional 35,098 shares in the last quarter. Amundi purchased a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $791,000. NewEdge Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 64.4% in the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 515 shares during the period. Jones Financial Companies Lllp increased its position in Kratos Defense & Security Solutions by 178.0% during the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 2,286 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Kratos Defense & Security Solutions by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock worth $11,686,000 after purchasing an additional 41,265 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KTOS. 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 price target on the stock. Stifel Nicolaus upped their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JonesTrading assumed coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group boosted their price target on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Canaccord Genuity Group upped their price target on Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $87.53 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $25.78 and a 52-week high of $134.00. The firm has a fifty day moving average of $100.19 and a 200-day moving average of $86.70. The firm has a market capitalization of $16.35 billion, a P/E ratio of 673.36 and a beta of 1.12. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The business had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, Director Scott I. Anderson sold 15,401 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $74.51, for a total transaction of $1,147,528.51. Following the transaction, the director owned 66,334 shares in the company, valued at $4,942,546.34. The trade was a 18.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stacey G. Rock sold 16,568 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $116.74, for a total value of $1,934,148.32. Following the completion of the sale, the insider directly owned 26,487 shares of the company’s stock, valued at $3,092,092.38. The trade was a 38.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 579,731 shares of company stock valued at $50,949,306 over the last ninety days. Insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

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.