VIRGINIA RETIREMENT SYSTEMS ET Al Has $296,000 Position in Kratos Defense & Security Solutions, Inc. $KTOS

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 81.3% in the fourth quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KTOS. Royal Bank of Canada grew its holdings in Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock worth $5,655,000 after acquiring an additional 35,098 shares during the period. Amundi acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $791,000. NewEdge Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 515 shares during the period. Jones Financial Companies Lllp grew its holdings in Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock worth $11,686,000 after acquiring an additional 41,265 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William A. Hoglund sold 30,500 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $71.19, for a total value of $2,171,295.00. Following the transaction, the director owned 252,500 shares of the company’s stock, valued at approximately $17,975,475. This trade represents a 10.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP De Burgreen Maria Cervantes sold 6,270 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $89.29, for a total transaction of $559,848.30. Following the completion of the transaction, the vice president directly owned 59,369 shares in the company, valued at approximately $5,301,058.01. The trade was a 9.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 170,540 shares of company stock worth $13,138,275 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KTOS. Jefferies Financial Group set a $80.00 price target on Kratos Defense & Security Solutions in a report on Sunday, May 10th. The Goldman Sachs Group increased their price target on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Citizens Jmp decreased their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Piper Sandler reduced their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their target price on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.28.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $53.47 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The stock has a 50-day moving average of $71.09 and a 200-day moving average of $82.48. The company has a market cap of $10.03 billion, a PE ratio of 314.53 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a one year low of $34.06 and a one year 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 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Kratos Defense & Security Solutions News Summary

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

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.