Intech Investment Management LLC Acquires 12,189 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Intech Investment Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 23.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 64,479 shares of the aerospace company’s stock after purchasing an additional 12,189 shares during the quarter. Intech Investment Management LLC’s holdings in Kratos Defense & Security Solutions were worth $4,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its stake in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares during the period. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $31,000. Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $32,000. Murphy & Mullick Capital Management Corp boosted its stake in Kratos Defense & Security Solutions by 115.4% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 225 shares during the period. Finally, Accredited Wealth Management LLC raised its holdings in Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jonah Adelman sold 31,348 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the completion of the transaction, the insider directly owned 8,000 shares of the company’s stock, valued at approximately $456,480. This represents a 79.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William A. Hoglund sold 30,500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $71.19, for a total value of $2,171,295.00. Following the completion of the transaction, the director directly owned 252,500 shares of the company’s stock, valued at approximately $17,975,475. The trade was a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 188,630 shares of company stock worth $13,301,792 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $64.13 on Monday. The business has a 50 day moving average price of $65.91 and a two-hundred day moving average price of $81.06. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 377.24 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 12 month low of $35.88 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the prior year, the firm posted $0.12 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Key Headlines Impacting Kratos Defense & Security Solutions

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Reports that the U.S. government may fund or take equity stakes in domestic drone makers have raised hopes that Kratos could benefit from stronger demand, policy support, and a more favorable growth outlook. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: Heavy call-option buying suggests traders are positioning for additional upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman. While the sales can pressure sentiment, at least one was made under a pre-arranged 10b5-1 plan and does not necessarily indicate a change in fundamentals. Jonah Adelman insider sale details

Analyst Upgrades and Downgrades

KTOS has been the subject of several recent research reports. Canaccord Genuity Group upped their price target on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. BNP Paribas Exane upped their price target on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. BTIG Research cut their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average price target of $96.28.

Kratos Defense & Security Solutions 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.