Belpointe Asset Management LLC Purchases New Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Belpointe Asset Management LLC acquired 17,428 shares of Kratos Defense & Security Solutions valued at approximately $517,000, establishing a new position in the company.
• Institutional investors now own 75.92% of the total shares, with significant increases from firms like Vanguard Group and Principal Financial Group.
• Kratos Defense & Security Solutions reported a 17.1% year-over-year revenue increase for the last quarter, exceeding analyst expectations with revenues of $351.50 million.

Belpointe Asset Management LLC acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,428 shares of the aerospace company's stock, valued at approximately $517,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $594,000. Corebridge Financial Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 5.2% in the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company's stock valued at $2,299,000 after purchasing an additional 3,860 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $1,407,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $1,039,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kratos Defense & Security Solutions by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock valued at $36,277,000 after purchasing an additional 24,455 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KTOS. Stifel Nicolaus increased their target price on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark increased their target price on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. B. Riley reissued a "buy" rating and set a $72.00 target price (up from $55.00) on shares of Kratos Defense & Security Solutions in a research note on Monday, August 11th. Finally, Citigroup reissued a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.64.

Kratos Defense & Security Solutions Stock Up 7.9%

KTOS traded up $5.61 during trading on Tuesday, hitting $76.35. 5,312,659 shares of the company's stock were exchanged, compared to its average volume of 3,305,120. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $61.59 and its two-hundred day moving average is $44.38. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $22.17 and a fifty-two week high of $76.62. The stock has a market cap of $12.89 billion, a P/E ratio of 763.58 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 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 $351.50 million for the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business's revenue was up 17.1% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 5,758 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $65.54, for a total value of $377,379.32. Following the completion of the sale, the insider owned 9,692 shares in the company, valued at $635,213.68. This represents a 37.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $67.58, for a total transaction of $473,060.00. Following the completion of the sale, the insider owned 346,441 shares of the company's stock, valued at approximately $23,412,482.78. This represents a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,758 shares of company stock valued at $3,522,429 over the last 90 days. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Company 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.