Abacus Planning Group Inc. Acquires New Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Abacus Planning Group Inc. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,507 shares of the aerospace company’s stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. Red Mountain Financial LLC grew its stake in shares of Kratos Defense & Security Solutions by 1.9% during the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 200 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 28.3% during the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 10,040 shares of the aerospace company’s stock valued at $466,000 after buying an additional 2,215 shares in the last quarter. Vicus Capital bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $339,000. USA Financial Formulas purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $67,000. Finally, Trivium Point Advisory LLC raised its holdings in Kratos Defense & Security Solutions by 25.0% during the 2nd quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock valued at $1,041,000 after acquiring an additional 4,483 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $92.03, for a total value of $460,150.00. Following the completion of the transaction, the chief financial officer directly owned 308,069 shares in the company, valued at approximately $28,351,590.07. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $88.88, for a total value of $622,160.00. Following the transaction, the insider directly owned 339,419 shares in the company, valued at approximately $30,167,560.72. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,276 shares of company stock valued at $5,677,241. 2.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KTOS shares. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. B. Riley reaffirmed a “buy” rating and set a $72.00 target price (up previously from $55.00) on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, June 30th. BTIG Research upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Thursday, August 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

Kratos Defense & Security Solutions Trading Up 1.2%

Shares of Kratos Defense & Security Solutions stock opened at $96.19 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $22.69 and a 1 year high of $98.12. The firm has a market cap of $16.24 billion, a PE ratio of 962.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The company has a 50 day simple moving average of $70.35 and a two-hundred day simple moving average of $49.61.

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

About Kratos Defense & Security Solutions

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.