Truist Financial Corp Cuts Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Truist Financial Corp cut its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,249 shares of the aerospace company’s stock after selling 3,530 shares during the period. Truist Financial Corp’s holdings in Kratos Defense & Security Solutions were worth $1,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Costello Asset Management INC purchased a new stake in Kratos Defense & Security Solutions during the first quarter worth about $29,000. Aspect Partners LLC increased its stake in Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 950 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in Kratos Defense & Security Solutions during the first quarter worth about $30,000. Larson Financial Group LLC purchased a new stake in Kratos Defense & Security Solutions during the first quarter worth about $30,000. Finally, Twin Tree Management LP purchased a new stake in Kratos Defense & Security Solutions during the first quarter worth about $37,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KTOS shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. Stifel Nicolaus boosted their price objective on 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. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $72.00 to $105.00 in a research report on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. Finally, Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.14.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $51.42, for a total value of $308,520.00. Following the completion of the sale, the insider directly owned 270,104 shares of the company’s stock, valued at approximately $13,888,747.68. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $65.10, for a total value of $325,500.00. Following the completion of the sale, the chief financial officer directly owned 313,327 shares of the company’s stock, valued at $20,397,587.70. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,276 shares of company stock valued at $6,088,481 over the last three months. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $94.63 on Monday. The stock has a 50 day moving average price of $74.61 and a 200 day moving average price of $52.26. 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 company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 946.39 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $22.69 and a 52-week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 3.10% and a net margin of 1.20%.The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS 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.