Assetmark Inc. Acquires Shares of 18,253 Kratos Defense & Security Solutions, Inc. $KTOS

Assetmark Inc. bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,253 shares of the aerospace company’s stock, valued at approximately $848,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after acquiring an additional 1,728,179 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after purchasing an additional 818,104 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Kratos Defense & Security Solutions by 25.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company’s stock valued at $77,480,000 after purchasing an additional 530,599 shares during the period. Invesco Ltd. lifted its position in shares of Kratos Defense & Security Solutions by 75.2% during the first quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 1,031,223 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 129.2% in the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock valued at $64,226,000 after purchasing an additional 1,219,585 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of several analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. BTIG Research lifted their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities boosted their price target on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 2nd. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.36.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $72.41 on Friday. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $83.33 and its two-hundred day moving average price is $59.67. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.81 and a 52-week high of $112.57. The stock has a market capitalization of $12.22 billion, a P/E ratio of 724.17 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $347.60 million during the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business’s revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company 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, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions 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 sale, the insider directly owned 93,809 shares in the company, valued at $9,644,503.29. This trade represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $90.26, for a total transaction of $451,300.00. Following the transaction, the chief financial officer directly owned 303,114 shares of the company’s stock, valued at $27,359,069.64. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 86,716 shares of company stock valued at $6,857,545 over the last three months. 2.37% of the stock is currently owned by company insiders.

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.