Kratos Defense & Security Solutions, Inc. $KTOS Shares Acquired by Garnet Equity Capital Holdings Inc.

Garnet Equity Capital Holdings Inc. increased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 29.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,000 shares of the aerospace company’s stock after acquiring an additional 75,000 shares during the quarter. Kratos Defense & Security Solutions makes up about 3.6% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 6th biggest holding. Garnet Equity Capital Holdings Inc. owned approximately 0.21% of Kratos Defense & Security Solutions worth $15,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rovida Advisors Inc. acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at about $82,315,000. Vanguard Group Inc. raised its holdings in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after buying an additional 1,728,179 shares during the period. Nuveen LLC acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $41,118,000. Voya Investment Management LLC raised its position in Kratos Defense & Security Solutions by 129.2% in the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock valued at $64,226,000 after purchasing an additional 1,219,585 shares during the period. Finally, Invesco Ltd. lifted its stake in Kratos Defense & Security Solutions by 75.2% during the first quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 1,031,223 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KTOS shares. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $72.00 to $105.00 in a research note on Wednesday, October 8th. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.36.

Kratos Defense & Security Solutions Stock Down 2.0%

Shares of NASDAQ:KTOS opened at $75.13 on Thursday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $112.57. The firm’s 50 day moving average price is $84.29 and its 200 day moving average price is $61.11. 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 stock has a market cap of $12.69 billion, a price-to-earnings ratio of 751.40 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the sale, the insider owned 332,421 shares in the company, valued at $30,333,416.25. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $90.26, for a total transaction of $451,300.00. Following the completion of the transaction, the chief financial officer owned 303,114 shares in the company, valued at $27,359,069.64. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 90,716 shares of company stock worth $7,152,105 over the last three months. Company insiders own 2.37% of the company’s stock.

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.