Lbp Am Sa Sells 55,107 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Lbp Am Sa reduced its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 19.7% during the second quarter, Holdings Channel reports. The firm owned 225,305 shares of the aerospace company’s stock after selling 55,107 shares during the period. Lbp Am Sa’s holdings in Kratos Defense & Security Solutions were worth $10,465,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at about $594,000. Corebridge Financial Inc. raised its position in Kratos Defense & Security Solutions by 5.2% in the first quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock worth $2,299,000 after acquiring an additional 3,860 shares during the period. State of Alaska Department of Revenue raised its position in Kratos Defense & Security Solutions by 15.8% in the second quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock worth $4,552,000 after acquiring an additional 13,345 shares during the period. New York State Teachers Retirement System bought a new stake in Kratos Defense & Security Solutions in the first quarter worth about $1,407,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in Kratos Defense & Security Solutions in the first quarter worth about $1,039,000. 75.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KTOS. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price objective on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Benchmark lifted their price objective on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $51.42, for a total transaction of $308,520.00. Following the completion of the transaction, the insider owned 270,104 shares of the company’s stock, valued at approximately $13,888,747.68. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 5,758 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.54, for a total transaction of $377,379.32. Following the transaction, the insider directly owned 9,692 shares of the company’s stock, valued at approximately $635,213.68. This represents a 37.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,430 shares of company stock valued at $4,863,182 in the last quarter. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $92.96 on Thursday. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 929.69 and a beta of 1.12. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $68.90 and a 200-day moving average price of $48.73. Kratos Defense & Security Solutions, Inc. has a twelve month low of $22.69 and a twelve month high of $93.52.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.