Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,249 shares of the aerospace company’s stock after selling 3,530 shares during the quarter. Truist Financial Corp’s holdings in Kratos Defense & Security Solutions were worth $1,219,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. ORG Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 12.3% during the second quarter. ORG Partners LLC now owns 2,432 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 267 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Kratos Defense & Security Solutions by 13.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 335 shares during the last quarter. Montag A & Associates Inc. raised its position in Kratos Defense & Security Solutions by 3.8% in the first quarter. Montag A & Associates Inc. now owns 12,449 shares of the aerospace company’s stock worth $370,000 after acquiring an additional 450 shares in the last quarter. Global Financial Private Client LLC raised its position in Kratos Defense & Security Solutions by 1.7% in the second quarter. Global Financial Private Client LLC now owns 27,688 shares of the aerospace company’s stock worth $1,286,000 after acquiring an additional 476 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Kratos Defense & Security Solutions by 129.0% in the second quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 4.0%

Kratos Defense & Security Solutions stock opened at $94.63 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The firm 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 fifty-two week low of $22.69 and a fifty-two week high of $112.57. The stock’s fifty day moving average is $74.61 and its two-hundred day moving average is $52.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $351.50 million for the quarter, compared to analyst estimates of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.Kratos Defense & Security Solutions’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KTOS. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Royal Bank Of Canada increased their price objective on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. Canaccord Genuity Group increased their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $105.00 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 3,846 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $92.02, for a total value of $353,908.92. Following the sale, the insider owned 34,202 shares of the company’s stock, valued at approximately $3,147,268.04. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Carter sold 4,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $102.81, for a total value of $411,240.00. Following the sale, the insider directly owned 93,809 shares in the company, valued at approximately $9,644,503.29. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,276 shares of company stock valued at $6,088,481 in the last three months. 2.37% of the stock is owned by insiders.

Kratos Defense & Security Solutions 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.