Allianz SE Sells 981 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Allianz SE decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 41.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,382 shares of the aerospace company’s stock after selling 981 shares during the quarter. Allianz SE’s holdings in Kratos Defense & Security Solutions were worth $64,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Xponance Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 7.1% during the first quarter. Xponance Inc. now owns 11,269 shares of the aerospace company’s stock valued at $335,000 after acquiring an additional 748 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at about $661,000. New York State Common Retirement Fund increased its stake in Kratos Defense & Security Solutions by 17.1% during the 1st quarter. New York State Common Retirement Fund now owns 322,022 shares of the aerospace company’s stock valued at $9,561,000 after purchasing an additional 47,010 shares in the last quarter. Stephens Inc. AR raised its holdings in Kratos Defense & Security Solutions by 8.5% in the first quarter. Stephens Inc. AR now owns 29,779 shares of the aerospace company’s stock worth $884,000 after buying an additional 2,328 shares during the last quarter. Finally, CWM LLC raised its holdings in Kratos Defense & Security Solutions by 22.0% in the first quarter. CWM LLC now owns 4,551 shares of the aerospace company’s stock worth $135,000 after buying an additional 821 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 1.1%

KTOS opened at $72.45 on Friday. The firm’s 50 day simple moving average is $84.61 and its two-hundred day simple moving average is $61.45. The company has a market capitalization of $12.23 billion, a PE ratio of 724.57 and a beta of 1.11. 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 current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target 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. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. 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. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price objective for the company from $72.00 to $105.00 in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus price target of $82.36.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, 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 value of $638,750.00. Following the transaction, the insider owned 332,421 shares of the company’s stock, valued at $30,333,416.25. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $73.64, for a total value of $294,560.00. Following the transaction, the insider directly owned 89,809 shares in the company, valued at approximately $6,613,534.76. The trade was a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,716 shares of company stock valued at $6,608,725 in the last ninety days. 2.37% of the stock is currently owned by company insiders.

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.