Crossmark Global Holdings Inc. Purchases New Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Crossmark Global Holdings Inc. acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,854 shares of the aerospace company’s stock, valued at approximately $626,000.

A number of other institutional investors have also recently bought and sold shares of the business. Orion Porfolio Solutions LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $2,905,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $1,234,000. Oak Grove Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $576,000. Teachers Retirement System of The State of Kentucky grew its position in Kratos Defense & Security Solutions by 19.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 52,112 shares of the aerospace company’s stock valued at $4,762,000 after purchasing an additional 8,415 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $21,013,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

KTOS stock opened at $88.96 on Wednesday. The firm has a 50 day moving average of $99.50 and a two-hundred day moving average of $86.39. 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 market capitalization of $16.61 billion, a price-to-earnings ratio of 684.36 and a beta of 1.12. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.

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

Insider Activity at Kratos Defense & Security Solutions

In other news, Director Scott I. Anderson sold 15,401 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $74.51, for a total transaction of $1,147,528.51. Following the transaction, the director owned 66,334 shares of the company’s stock, valued at approximately $4,942,546.34. This represents a 18.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eric M. Demarco sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $80.53, for a total value of $16,106,000.00. Following the completion of the sale, the chief executive officer owned 796,237 shares of the company’s stock, valued at approximately $64,120,965.61. This trade represents a 20.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 574,731 shares of company stock valued at $50,506,306. Insiders own 2.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. BNP Paribas Exane set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Truist Financial set a $135.00 price objective on Kratos Defense & Security Solutions in a report on Friday, January 9th. KeyCorp lifted their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, B. Riley Financial boosted their target price on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, January 9th. One research 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.28.

Kratos Defense & Security Solutions Company 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.