Lisanti Capital Growth LLC Boosts Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Lisanti Capital Growth LLC grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 10.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 121,840 shares of the aerospace company’s stock after buying an additional 11,705 shares during the period. Kratos Defense & Security Solutions makes up 2.7% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its biggest holding. Lisanti Capital Growth LLC’s holdings in Kratos Defense & Security Solutions were worth $11,133,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. increased its stake in Kratos Defense & Security Solutions by 29.6% during the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after acquiring an additional 1,162,577 shares during the period. ARK Investment Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after purchasing an additional 818,104 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company’s stock worth $183,490,000 after purchasing an additional 301,135 shares in the last quarter. Invesco Ltd. increased its position in shares of Kratos Defense & Security Solutions by 18.1% during the second quarter. Invesco Ltd. now owns 2,837,005 shares of the aerospace company’s stock valued at $131,779,000 after purchasing an additional 434,561 shares during the period. Finally, Hood River Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 13.3% in the second quarter. Hood River Capital Management LLC now owns 2,755,446 shares of the aerospace company’s stock valued at $127,990,000 after purchasing an additional 324,140 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,676 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $120.18, for a total value of $201,421.68. Following the completion of the transaction, the senior vice president owned 63,393 shares in the company, valued at approximately $7,618,570.74. The trade was a 2.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scot B. Jarvis sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $118.28, for a total value of $591,400.00. Following the completion of the sale, the director owned 100,417 shares of the company’s stock, valued at approximately $11,877,322.76. This trade represents a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 916,815 shares of company stock worth $74,934,931. 2.37% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Trading Down 4.8%

Shares of KTOS stock opened at $103.01 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of 792.45 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $134.00. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $90.91 and a 200 day moving average price of $80.28.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The firm had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of several analyst reports. Truist Financial set a $135.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. B. Riley lifted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group upped their target price on shares of 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. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.28.

Kratos Defense & Security Solutions Company Profile

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.