1,077,941 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Purchased by Bamco Inc. NY

Bamco Inc. NY purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,077,941 shares of the aerospace company's stock, valued at approximately $53,746,000. Bamco Inc. NY owned about 0.57% of Kratos Defense & Security Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KTOS. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its position in Kratos Defense & Security Solutions by 115.4% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 225 shares during the last quarter. Vision Retirement LLC grew its holdings in shares of Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 317 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $37,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

KTOS stock opened at $52.93 on Thursday. The firm has a market cap of $9.94 billion, a PE ratio of 311.35 and a beta of 1.08. The stock has a 50-day moving average price of $52.54 and a 200-day moving average price of $65.73. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 1-year low of $43.09 and a 1-year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The firm had revenue of $458.80 million for the quarter, compared to analysts' expectations of $410.36 million. During the same period in the prior year, the business earned $0.11 EPS. The company's revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KTOS. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 28th. UBS Group reissued a "neutral" rating and set a $82.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Canaccord Genuity Group boosted their price target on Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Piper Sandler raised Kratos Defense & Security Solutions from a "neutral" rating to an "overweight" rating and set a $75.00 price objective for the company in a research note on Wednesday, August 5th. Finally, Truist Financial dropped their price objective on shares of Kratos Defense & Security Solutions from $135.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.47.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 26,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $63.25, for a total value of $1,676,125.00. Following the transaction, the insider owned 182,084 shares in the company, valued at approximately $11,516,813. This represents a 12.70% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.50, for a total transaction of $635,000.00. Following the completion of the sale, the director directly owned 65,123 shares of the company's stock, valued at approximately $4,135,310.50. The trade was a 13.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 433,688 shares of company stock valued at $26,990,882. 1.50% of the stock is currently owned by corporate insiders.

About Kratos Defense & Security Solutions

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.

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