Atria Wealth Solutions Inc. Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake of 6,416 shares in Kratos Defense & Security Solutions, valued at approximately $291,000.
• Analysts have set new price targets for Kratos Defense & Security Solutions, with Goldman Sachs upgrading it to a "buy" rating and setting a target price of $52.00.
• The stock of Kratos Defense & Security Solutions reported a 17.1% increase in quarterly revenue year-over-year, reaching $351.50 million.

Atria Wealth Solutions Inc. bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,416 shares of the aerospace company's stock, valued at approximately $291,000.

A number of other institutional investors also recently modified their holdings of KTOS. Costello Asset Management INC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at about $29,000. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Aspect Partners LLC grew its position in Kratos Defense & Security Solutions by 1,900.0% in the first 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. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Finally, Twin Tree Management LP bought a new position in Kratos Defense & Security Solutions in the first quarter valued at about $37,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KTOS. The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price on the stock in a research report on Monday, June 30th. Noble Financial reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. Finally, B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and upped their target price for the stock from $72.00 to $105.00 in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.36.

Insider Buying and Selling

In related news, VP De Burgreen Maria Cervantes sold 6,264 shares of Kratos Defense & Security Solutions stock in a transaction 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 sale, the vice president directly owned 53,609 shares in the company, valued at approximately $3,741,908.20. This trade represents a 10.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 25th. The stock was sold at an average price of $67.58, for a total value of $473,060.00. Following the sale, the insider owned 346,441 shares in the company, valued at $23,412,482.78. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,716 shares of company stock valued at $6,399,245. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Up 4.6%

Shares of NASDAQ:KTOS opened at $90.62 on Wednesday. The business's 50 day simple moving average is $78.53 and its two-hundred day simple moving average is $55.04. The firm has a market cap of $15.30 billion, a P/E ratio of 906.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. 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 announced its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business had revenue of $351.50 million for the quarter, compared to analyst estimates of $305.67 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company's quarterly 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, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

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.

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