Kratos Defense & Security Solutions, Inc. $KTOS Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4,843.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,851 shares of the aerospace company’s stock after purchasing an additional 274,190 shares during the period. Federated Hermes Inc. owned 0.17% of Kratos Defense & Security Solutions worth $25,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $276,000. Phoenix Financial Ltd. purchased a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $283,000. Triton Financial Group Inc acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $235,000. Vanguard Personalized Indexing Management LLC boosted its position in Kratos Defense & Security Solutions by 28.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,600 shares of the aerospace company’s stock worth $1,608,000 after acquiring an additional 3,915 shares during the last quarter. Finally, REDW Wealth LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $365,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 4.8%

KTOS opened at $103.01 on Friday. The stock 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 one year low of $23.90 and a one year high of $134.00. The business’s 50-day simple moving average is $90.91 and its 200-day simple moving average is $80.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30.

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

Insider Activity

In other Kratos Defense & Security Solutions news, Director William A. Hoglund sold 75,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $74.35, for a total value of $5,576,250.00. Following the transaction, the director directly owned 147,193 shares of the company’s stock, valued at approximately $10,943,799.55. The trade was a 33.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 30,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.08, for a total transaction of $2,222,400.00. Following the transaction, the chief financial officer owned 273,285 shares of the company’s stock, valued at approximately $20,244,952.80. The trade was a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 916,815 shares of company stock valued at $74,934,931. Insiders own 2.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KTOS. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Canaccord Genuity Group boosted their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. The Goldman Sachs Group increased their price target on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.28.

About Kratos Defense & Security Solutions

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.