Y Intercept Hong Kong Ltd Acquires Shares of 63,936 Kratos Defense & Security Solutions, Inc. $KTOS

Y Intercept Hong Kong Ltd bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 63,936 shares of the aerospace company’s stock, valued at approximately $4,508,000.

Several other large investors have also made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in Kratos Defense & Security Solutions by 1,389.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares during the last quarter. Corient Private Wealth LLC grew its stake in Kratos Defense & Security Solutions by 7,701.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock worth $120,966,000 after buying an additional 1,573,123 shares during the last quarter. Norges Bank acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $104,807,000. First Trust Advisors LP raised its stake in shares of Kratos Defense & Security Solutions by 29.5% in the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after acquiring an additional 698,778 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 66.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,525 shares of the aerospace company’s stock valued at $106,162,000 after acquiring an additional 556,036 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $52.13, for a total transaction of $338,845.00. Following the transaction, the insider owned 221,550 shares of the company’s stock, valued at $11,549,401.50. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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 owned 8,000 shares in the company, valued at approximately $456,480. This represents a 79.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 161,453 shares of company stock worth $9,561,063. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on KTOS shares. BNP Paribas Exane boosted their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Citizens Jmp reduced their price objective on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. UBS Group restated a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $99.00 to $82.00 in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $100.44.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $55.35 on Monday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $42.81 and a 1 year high of $134.00. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $56.64 and its 200-day moving average is $77.69. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 325.59 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the business posted $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

More Kratos Defense & Security Solutions News

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

• Positive Sentiment: Kratos won an approximately $36 million sole-source contract for a new air defense missile system, adding a near-term revenue catalyst and reinforcing its position in defense modernization. Article Title
• Positive Sentiment: Wedbush upgraded Kratos Defense & Security Solutions (KTOS) to Strong Buy, which boosted investor confidence in the stock’s longer-term outlook. Article Title
• Positive Sentiment: Broader defense-sector enthusiasm, including renewed attention on drone and missile-defense names, has helped support sentiment in KTOS. Article Title
• Neutral Sentiment: Insiders Steven Fendley, Deanna H. Lund, and Stacey Rock disclosed stock sales, but each transaction was made under pre-arranged 10b5-1 plans, making them less informative about operational prospects. Article Title

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.