4,646 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Acquired by Grandview Asset Management LLC

Key Points

• Grandview Asset Management LLC acquired 4,646 shares of Kratos Defense & Security Solutions, valued at approximately $216,000, indicating strong institutional interest in the company.
• Kratos Defense & Security Solutions reported earnings of $0.11 EPS for Q2, exceeding expectations and showing a 17.1% year-over-year revenue increase.
• Multiple analysts have upgraded Kratos’ rating recently, with BTIG Research setting a price objective of $80.00 while others have raised their price targets significantly.

Grandview Asset Management LLC bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,646 shares of the aerospace company's stock, valued at approximately $216,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $594,000. Corebridge Financial Inc. raised its position in 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 purchased a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $1,407,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $1,039,000. Finally, Bank of New York Mellon Corp boosted its holdings in Kratos Defense & Security Solutions by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock worth $36,277,000 after purchasing an additional 24,455 shares during the period. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $86.28 on Friday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $22.69 and a fifty-two week high of $86.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The firm's 50 day simple moving average is $66.91 and its 200 day simple moving average is $47.59. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 862.89 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $351.50 million for the quarter, compared to analysts' expectations of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of research reports. BTIG Research upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price objective on the stock in a report on Thursday, August 14th. Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 22nd. Benchmark lifted their price target on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $74.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, September 9th. Finally, Stifel Nicolaus lifted their target price on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.00.

Insider Activity

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $65.10, for a total value of $325,500.00. Following the completion of the sale, the chief financial officer directly owned 313,327 shares of the company's stock, valued at approximately $20,397,587.70. The trade was a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas E. Iv Mills sold 5,758 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $65.54, for a total value of $377,379.32. Following the transaction, the insider directly owned 9,692 shares in the company, valued at approximately $635,213.68. This represents a 37.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,430 shares of company stock worth $4,745,162 over the last quarter. Company insiders own 2.37% of the company's stock.

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.

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