Kratos Defense & Security Solutions, Inc. $KTOS Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 364.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,692 shares of the aerospace company’s stock after purchasing an additional 2,113 shares during the period. GAMMA Investing LLC’s holdings in Kratos Defense & Security Solutions were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new position in Kratos Defense & Security Solutions during the 1st quarter worth about $594,000. Corebridge Financial Inc. lifted its stake in Kratos Defense & Security Solutions by 5.2% during the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock worth $2,299,000 after acquiring an additional 3,860 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Kratos Defense & Security Solutions during the 1st quarter worth about $1,407,000. Oregon Public Employees Retirement Fund acquired a new position in Kratos Defense & Security Solutions during the 1st quarter worth about $1,039,000. Finally, Bank of New York Mellon Corp lifted its stake in Kratos Defense & Security Solutions by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company’s stock worth $36,277,000 after acquiring an additional 24,455 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Activity

In related news, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $51.42, for a total transaction of $308,520.00. Following the transaction, the insider owned 270,104 shares in the company, valued at $13,888,747.68. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $65.10, for a total value of $325,500.00. Following the sale, the chief financial officer directly owned 313,327 shares of the company’s stock, valued at $20,397,587.70. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,430 shares of company stock worth $4,241,022 over the last ninety days. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Trading Up 3.7%

NASDAQ:KTOS opened at $91.37 on Wednesday. The stock’s 50 day moving average price is $68.21 and its 200 day moving average price is $48.42. The company has a market capitalization of $15.42 billion, a PE ratio of 913.79 and a beta of 1.05. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $22.69 and a 52-week high of $91.87.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark increased their target price on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Canaccord Genuity Group reissued a “buy” rating and set a $74.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, September 9th. B. Riley restated a “buy” rating and set a $72.00 price target (up previously from $55.00) on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, June 30th. Finally, Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $61.00.

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.