AGF Management Ltd. Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

AGF Management Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 298,309 shares of the aerospace company’s stock, valued at approximately $13,856,000. AGF Management Ltd. owned about 0.19% of Kratos Defense & Security Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in Kratos Defense & Security Solutions by 129.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 503 shares during the period. Costello Asset Management INC purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth $29,000. Larson Financial Group LLC bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $30,000. Twin Tree Management LP bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $37,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Kratos Defense & Security Solutions during the first quarter valued at $38,000. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $68.82, for a total transaction of $412,920.00. Following the completion of the transaction, the insider directly owned 258,073 shares of the company’s stock, valued at approximately $17,760,583.86. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Deanna H. Lund sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $65.10, for a total value of $325,500.00. Following the transaction, the chief financial officer owned 313,327 shares of the company’s stock, valued at $20,397,587.70. This represents a 1.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 90,716 shares of company stock worth $7,152,105. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 7.6%

Shares of KTOS opened at $77.88 on Friday. The firm has a market cap of $13.15 billion, a P/E ratio of 778.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. Kratos Defense & Security Solutions, Inc. has a 1 year low of $23.90 and a 1 year high of $112.57. The company has a 50 day simple moving average of $83.57 and a two-hundred day simple moving average of $60.18.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $347.60 million for 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 company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $85.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday. Canaccord Genuity Group boosted their target price on shares of 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. BTIG Research upped their target price on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. Finally, Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $82.36.

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.