Allspring Global Investments Holdings LLC Acquires Shares of 870,091 Kratos Defense & Security Solutions, Inc. $KTOS

Allspring Global Investments Holdings LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 870,091 shares of the aerospace company's stock, valued at approximately $37,475,000. Allspring Global Investments Holdings LLC owned about 0.57% of Kratos Defense & Security Solutions at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 129.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 503 shares during the last quarter. Costello Asset Management INC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at $29,000. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at $30,000. Aspect Partners LLC boosted its stake in Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at $30,000. 75.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KTOS shares. Raymond James Financial restated a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their price target for the stock from $72.00 to $105.00 in a research report on Wednesday, October 8th. The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target on the stock in a research report on Monday, June 30th. Royal Bank Of Canada raised their price target on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group raised their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.36.

Kratos Defense & Security Solutions Stock Down 5.0%

Kratos Defense & Security Solutions stock opened at $90.58 on Thursday. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 905.89 and a beta of 1.12. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $76.70 and its two-hundred day moving average price is $53.28. Kratos Defense & Security Solutions, Inc. has a 52 week low of $22.69 and a 52 week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Thursday, August 7th. The aerospace company reported $0.11 EPS for the quarter, beating the consensus estimate 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 net margin of 1.20% and a return on equity of 3.10%. Kratos Defense & Security Solutions's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 5,758 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $65.54, for a total transaction of $377,379.32. Following the transaction, the insider owned 9,692 shares of the company's stock, valued at approximately $635,213.68. This trade represents a 37.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP De Burgreen Maria Cervantes sold 6,264 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $69.80, for a total transaction of $437,227.20. Following the completion of the transaction, the vice president directly owned 53,609 shares in the company, valued at $3,741,908.20. This represents a 10.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,276 shares of company stock worth $5,678,021 in the last 90 days. 2.37% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions 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.

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