7,969 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,969 shares of the aerospace company’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KTOS. Costello Asset Management INC purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at $29,000. Twin Tree Management LP bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at about $37,000. Banque Cantonale Vaudoise purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at about $38,000. NewEdge Advisors LLC boosted its position in Kratos Defense & Security Solutions by 64.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after buying an additional 515 shares during the period. Finally, Farther Finance Advisors LLC grew its stake 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 acquiring an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Down 4.8%

Shares of NASDAQ:KTOS opened at $67.31 on Friday. The company has a market capitalization of $11.36 billion, a PE ratio of 673.17 and a beta of 1.11. 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 $23.90 and a 12-month high of $112.57. The business’s fifty day simple moving average is $84.94 and its 200-day simple moving average is $62.42.

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 for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The company had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’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 research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on KTOS shares. BNP Paribas Exane started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday. They set a “neutral” rating and a $80.00 price target for the company. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, October 2nd. Stifel Nicolaus increased their price target on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.06.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 6,264 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $69.80, for a total value of $437,227.20. Following the completion of the sale, the vice president directly owned 53,609 shares in the company, valued at $3,741,908.20. This trade represents a 10.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction 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 in the company, valued at $17,760,583.86. This represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 85,124 shares of company stock worth $6,817,388. 2.37% of the stock is owned by corporate 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.