Kratos Defense & Security Solutions, Inc. $KTOS Position Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 93.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 964,973 shares of the aerospace company’s stock after acquiring an additional 465,100 shares during the period. JPMorgan Chase & Co.’s holdings in Kratos Defense & Security Solutions were worth $88,170,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. bought a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $30,000. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $31,000. Bayforest Capital Ltd acquired a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Caitlin John LLC bought a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $32,000. Finally, Accredited Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 193.5% during the 3rd 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. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. B. Riley Financial raised their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. BNP Paribas Exane set a $80.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. Finally, BTIG Research boosted their price objective on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.28.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $95.31 on Wednesday. The company has a market cap of $17.80 billion, a P/E ratio of 733.21 and a beta of 1.12. The stock has a fifty day moving average price of $100.25 and a 200 day moving average price of $87.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00.

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

Insider Activity

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $85.36, for a total transaction of $341,440.00. Following the completion of the transaction, the insider owned 81,964 shares in the company, valued at approximately $6,996,447.04. The trade was a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas E. Iv Mills sold 5,758 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $91.26, for a total transaction of $525,475.08. Following the completion of the sale, the insider directly owned 4,086 shares of the company’s stock, valued at $372,888.36. The trade was a 58.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 550,763 shares of company stock worth $48,771,342 over the last ninety days. 2.37% of the stock is currently owned by company insiders.

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.