Kratos Defense & Security Solutions, Inc. $KTOS Shares Acquired by Bosun Asset Management LLC

Key Points

• Bosun Asset Management LLC increased its stake in Kratos Defense & Security Solutions by 29.9% in the first quarter, acquiring an additional 6,330 shares worth approximately $817,000.
• Vanguard Group Inc. and other institutional investors have also raised their positions in the company, with 75.92% of the stock owned by hedge funds and institutional investors.
• Kratos Defense & Security Solutions reported a 17.1% year-over-year increase in revenue, with earnings per share of $0.11, surpassing the consensus estimate of $0.09.

Bosun Asset Management LLC raised its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 29.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,528 shares of the aerospace company's stock after buying an additional 6,330 shares during the period. Bosun Asset Management LLC's holdings in Kratos Defense & Security Solutions were worth $817,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at $29,000. Aspect Partners LLC grew its position in shares of 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 period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at $30,000. Larson Financial Group LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 700 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 22nd. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, June 27th. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price for the company in a report on Monday, June 30th. Finally, Benchmark upped 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 report on Tuesday, July 8th. One equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.64.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 5,758 shares of the firm's stock in a transaction that occurred on 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 directly owned 9,692 shares of the company's stock, valued at approximately $635,213.68. This trade represents a 37.27% 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 Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $67.78, for a total transaction of $406,680.00. Following the transaction, the insider owned 264,074 shares in the company, valued at approximately $17,898,935.72. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,177 shares of company stock worth $3,876,673 over the last three months. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

KTOS traded down $2.23 during trading hours on Monday, hitting $62.59. The company's stock had a trading volume of 1,301,916 shares, compared to its average volume of 3,300,439. The business's 50-day moving average price is $58.88 and its 200-day moving average price is $42.63. Kratos Defense & Security Solutions, Inc. has a 12 month low of $20.83 and a 12 month high of $72.70. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 624.27 and a beta of 1.05. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12.

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 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $305.67 million. During the same quarter last year, the firm earned $0.14 EPS. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share 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.