PNC Financial Services Group Inc. Buys 13,634 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

PNC Financial Services Group Inc. increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 83.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,063 shares of the aerospace company’s stock after acquiring an additional 13,634 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kratos Defense & Security Solutions were worth $2,120,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Kratos Defense & Security Solutions by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after acquiring an additional 148,622 shares during the period. Morgan Stanley grew its position in shares of Kratos Defense & Security Solutions by 3.9% during the 4th quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock valued at $251,345,000 after purchasing an additional 124,607 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Kratos Defense & Security Solutions by 7.4% in the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after purchasing an additional 209,189 shares during the period. Northern Trust Corp increased its holdings in shares of Kratos Defense & Security Solutions by 13.6% in the third quarter. Northern Trust Corp now owns 2,072,700 shares of the aerospace company’s stock worth $189,383,000 after purchasing an additional 247,652 shares during the period. Finally, Corient Private Wealth LLC raised its position in shares of Kratos Defense & Security Solutions by 7,701.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock worth $120,966,000 after buying an additional 1,573,123 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Jonah Adelman sold 31,348 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the transaction, the insider owned 8,000 shares of the company’s stock, valued at approximately $456,480. This trade represents a 79.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 35,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 8th. The stock was sold at an average price of $58.23, for a total transaction of $2,038,050.00. Following the completion of the transaction, the insider owned 309,087 shares in the company, valued at approximately $17,998,136.01. The trade was a 10.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 144,036 shares of company stock valued at $8,110,167 over the last ninety days. Insiders own 1.50% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 9.8%

Shares of KTOS stock opened at $43.88 on Thursday. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $53.14 and a two-hundred day moving average price of $73.61. Kratos Defense & Security Solutions, Inc. has a 12-month low of $43.75 and a 12-month high of $134.00. The firm has a market cap of $8.23 billion, a P/E ratio of 258.12 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Kratos Defense & Security Solutions News Summary

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos completed its $50 million, 68,000-square-foot Indiana Payload Integration Facility ahead of schedule. The site will support advanced manufacturing, integration and testing of experimental hypersonic payloads, handle up to six payloads simultaneously and create more than 100 high-tech jobs. The investment could strengthen Kratos’ long-term position in the hypersonics market, although the release did not quantify near-term revenue or profit contribution. Kratos Completes Construction of $50 Million Hypersonic Facility
• Positive Sentiment: The company delivered turbomachinery for Lockheed Martin’s ramjet propulsion system, providing evidence of execution on an important advanced-propulsion program and supporting Kratos’ role as a defense-technology supplier. Kratos Delivers Turbomachinery for Lockheed Martin
• Neutral Sentiment: One analyst report described Kratos as offering attractive relative value compared with Anduril and suggested substantial upside, while the reported median analyst price target is $83.50. However, these targets remain expectations rather than new financial results and may have limited immediate impact. Analyst Says Kratos Offers Relative Value
• Negative Sentiment: Investors are approaching next week’s earnings release cautiously. Zacks said KTOS lacks the combination of earnings and revenue-estimate trends that typically supports a likely earnings beat, raising the risk of disappointment after a strong prior quarter. Kratos Earnings Preview
• Negative Sentiment: President Steven S. Fendley sold 7,000 shares worth approximately $329,910 under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the transaction reduces its significance, but it adds to a broader pattern of insider selling: 147 reported insider transactions over six months were sales, with no purchases. SEC Insider Sale Filing

Wall Street Analyst Weigh In

KTOS has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their target price on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. The Goldman Sachs Group lowered their price target on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $99.00 to $82.00 in a report on Friday, June 12th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Kratos Defense & Security Solutions 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.