Allspring Global Investments Holdings LLC Trims Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Allspring Global Investments Holdings LLC reduced its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 483,721 shares of the aerospace company’s stock after selling 129,176 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.29% of Kratos Defense & Security Solutions worth $38,354,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KTOS. Bayforest Capital Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $32,000. Caitlin John LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $32,000. Whittier Trust Co. purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $38,000. Accredited Wealth Management LLC increased its position in shares of Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares during the period. Finally, CI Investments Inc. raised its stake in shares of Kratos Defense & Security Solutions by 142.7% in the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Insider Buying and Selling

In other news, VP De Burgreen Maria Cervantes sold 6,270 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $89.29, for a total value of $559,848.30. Following the sale, the vice president owned 59,369 shares of the company’s stock, valued at $5,301,058.01. The trade was a 9.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,516 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $88.97, for a total transaction of $134,878.52. Following the transaction, the senior vice president owned 67,926 shares in the company, valued at approximately $6,043,376.22. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 375,500 shares of company stock worth $34,924,258. 2.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. B. Riley Financial increased their price target on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Canaccord Genuity Group lifted their price objective on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Truist Financial set a $135.00 price target on Kratos Defense & Security Solutions in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.28.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $67.31 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 517.81 and a beta of 1.22. The firm’s fifty day simple moving average is $90.51 and its 200-day simple moving average is $87.88.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same period in the previous year, the business posted $0.13 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.