VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) by 81.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,900 shares of the aerospace company’s stock after selling 17,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Kratos Defense & Security Solutions were worth $296,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in shares of Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after purchasing an additional 698,778 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Kratos Defense & Security Solutions by 7.4% in the 3rd quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock valued at $278,331,000 after acquiring an additional 209,189 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Kratos Defense & Security Solutions by 1,389.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after acquiring an additional 2,525,921 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Kratos Defense & Security Solutions by 13.6% in the 3rd quarter. Northern Trust Corp now owns 2,072,700 shares of the aerospace company’s stock valued at $189,383,000 after acquiring an additional 247,652 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Kratos Defense & Security Solutions by 40.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,539,840 shares of the aerospace company’s stock valued at $140,695,000 after acquiring an additional 444,956 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.
Kratos Defense & Security Solutions Stock Performance
NASDAQ KTOS opened at $53.47 on Wednesday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 314.53 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a twelve month low of $34.06 and a twelve month high of $134.00. The stock has a fifty day simple moving average of $71.09 and a 200 day simple moving average of $82.48. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.
Trending Headlines about Kratos Defense & Security Solutions
Here are the key news stories impacting Kratos Defense & Security Solutions this week:
- Positive Sentiment: Kratos continues to benefit from rising defense spending and demand for unmanned systems, with recent results showing 22.6% revenue growth and a record backlog.
- Neutral Sentiment: A market article singled out KTOS as a long-term growth name after its pullback, arguing the recent weakness may have improved the entry point versus earlier highs. 3 Undervalued Stocks to Buy Before the Market’s Next Big Move
- Negative Sentiment: Director and executive insider sales, including a 3,000-share sale by Bradley L. Boyd and additional sales by Phillip D. Carrai and Marie Mendoza, may be adding pressure to the stock. SEC filing
Insiders Place Their Bets
In related news, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $62.10, for a total value of $310,500.00. Following the sale, the chief financial officer directly owned 295,200 shares in the company, valued at $18,331,920. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley L. Boyd sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $52.08, for a total value of $156,240.00. Following the completion of the sale, the director owned 16,480 shares in the company, valued at $858,278.40. The trade was a 15.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 170,540 shares of company stock valued at $13,138,275 over the last three months. Insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on KTOS. BNP Paribas Exane increased their price target on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. The Goldman Sachs Group increased their price target on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Finally, Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.
Read Our Latest Report on Kratos Defense & Security Solutions
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.
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