Brevan Howard Capital Management LP Sells 17,330 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Brevan Howard Capital Management LP lessened its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 32.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,876 shares of the aerospace company’s stock after selling 17,330 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Kratos Defense & Security Solutions were worth $3,369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Kratos Defense & Security Solutions by 29.6% during the 2nd quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after purchasing an additional 1,162,577 shares during the period. Geode Capital Management LLC grew its position in shares of Kratos Defense & Security Solutions by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company’s stock worth $183,490,000 after buying an additional 301,135 shares during the period. First Trust Advisors LP raised its stake in shares of Kratos Defense & Security Solutions by 29.5% during the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after buying an additional 698,778 shares during the last quarter. Invesco Ltd. raised its stake in shares of Kratos Defense & Security Solutions by 7.4% during the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after buying an additional 209,189 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in Kratos Defense & Security Solutions by 13.3% in the second quarter. Hood River Capital Management LLC now owns 2,755,446 shares of the aerospace company’s stock valued at $127,990,000 after buying an additional 324,140 shares during the period. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 16,568 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Carter sold 8,123 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $105.40, for a total value of $856,164.20. Following the transaction, the insider owned 81,816 shares in the company, valued at $8,623,406.40. The trade was a 9.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 550,763 shares of company stock worth $48,771,342 in the last three months. 2.37% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Up 2.3%

Kratos Defense & Security Solutions stock opened at $89.53 on Tuesday. The company has a current ratio of 4.06, a quick ratio of 3.46 and a debt-to-equity ratio of 0.05. Kratos Defense & Security Solutions, Inc. has a 1-year low of $25.78 and a 1-year high of $134.00. The company has a fifty day simple moving average of $100.19 and a 200 day simple moving average of $86.98. The company has a market cap of $16.72 billion, a P/E ratio of 688.75 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The firm had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. The business’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. 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

KTOS has been the topic of a number of recent research reports. Piper Sandler initiated 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. Citizens Jmp increased their price target on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. JonesTrading started coverage on Kratos Defense & Security Solutions in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. Finally, UBS Group started coverage on Kratos Defense & Security Solutions in a report on Wednesday, February 18th. They issued a “neutral” rating and a $79.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $98.28.

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.