Teacher Retirement System of Texas Grows Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Teacher Retirement System of Texas lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 17.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,961 shares of the aerospace company’s stock after buying an additional 3,876 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kratos Defense & Security Solutions were worth $1,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KTOS. Vanguard Group Inc. increased its holdings in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after acquiring an additional 1,728,179 shares during the last quarter. Nuveen LLC bought a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $41,118,000. Voya Investment Management LLC increased its holdings in Kratos Defense & Security Solutions by 129.2% in the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock valued at $64,226,000 after acquiring an additional 1,219,585 shares during the last quarter. Invesco Ltd. increased its holdings in Kratos Defense & Security Solutions by 75.2% in the 1st quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company’s stock valued at $71,329,000 after acquiring an additional 1,031,223 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Kratos Defense & Security Solutions by 9,709.0% in the 1st quarter. Principal Financial Group Inc. now owns 997,578 shares of the aerospace company’s stock valued at $29,618,000 after acquiring an additional 987,408 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 14.2%

Shares of NASDAQ:KTOS opened at $77.41 on Thursday. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.81 and a 12 month high of $112.57. The company has a 50-day moving average price of $83.25 and a 200 day moving average price of $59.58. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 774.18 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KTOS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. JMP Securities lifted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. BTIG Research upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Thursday, August 14th. Finally, B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the company from $72.00 to $105.00 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $102.81, for a total value of $411,240.00. Following the completion of the sale, the insider owned 93,809 shares of the company’s stock, valued at $9,644,503.29. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the sale, the insider directly owned 332,421 shares of the company’s stock, valued at approximately $30,333,416.25. The trade was a 2.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,716 shares of company stock valued at $6,857,545 over the last quarter. Corporate insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

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.