Chesapeake Capital Corp IL Acquires New Position in Kratos Defense & Security Solutions, Inc. $KTOS

Chesapeake Capital Corp IL acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,165 shares of the aerospace company’s stock, valued at approximately $1,660,000. Kratos Defense & Security Solutions comprises about 1.5% of Chesapeake Capital Corp IL’s portfolio, making the stock its 8th largest position.

A number of other institutional investors have also bought and sold shares of KTOS. TD Waterhouse Canada Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. Bayforest Capital Ltd purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $32,000. Caitlin John LLC purchased a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $32,000. Finally, Accredited Wealth Management LLC boosted its stake in Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after buying an additional 269 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Down 2.2%

Shares of NASDAQ:KTOS opened at $87.53 on Friday. The firm has a market capitalization of $16.35 billion, a PE ratio of 673.36 and a beta of 1.12. 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 debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The firm’s 50-day moving average is $100.19 and its two-hundred day moving average is $86.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data 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 net margin of 1.63% and a return on equity of 3.34%. The firm had revenue of $345.10 million during the quarter, compared to analysts’ expectations of $327.51 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, Director Scott I. Anderson sold 15,401 shares of the company’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 sale, the director owned 66,334 shares in the company, valued at $4,942,546.34. This represents a 18.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David M. Carter sold 8,123 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $105.40, for a total value of $856,164.20. Following the completion of the sale, the insider directly owned 81,816 shares in the company, valued at $8,623,406.40. This represents a 9.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 579,731 shares of company stock valued at $50,949,306. Corporate insiders own 2.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on KTOS shares. Citizens Jmp upped their target price on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 20th. Truist Financial set a $135.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price objective for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $98.28.

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.