California State Teachers Retirement System Raises Stake in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• California State Teachers Retirement System increased its Kratos stake by 22.6% in the first quarter, adding 36,130 shares to own 196,065 shares valued at approximately $13.8 million. Institutional investors collectively own 75.92% of KTOS.
• Kratos reported quarterly revenue of $371 million, up 22.6% year over year, and earnings of $0.16 per share, beating analysts’ estimate of $0.13.
• KTOS carries a consensus “Moderate Buy” rating and a $101.29 average price target, although the stock opened at $46.60 and insiders sold approximately $7.8 million of shares over the past 90 days.

California State Teachers Retirement System grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 22.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,065 shares of the aerospace company's stock after purchasing an additional 36,130 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Kratos Defense & Security Solutions worth $13,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KTOS. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp boosted its holdings in Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company's stock worth $29,000 after buying an additional 380 shares during the period. Vision Retirement LLC boosted its holdings in Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company's stock worth $30,000 after buying an additional 317 shares during the period. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp increased its stake in Kratos Defense & Security Solutions by 115.4% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company's stock worth $32,000 after buying an additional 225 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $46.60 on Monday. The company's fifty day simple moving average is $52.77 and its two-hundred day simple moving average is $72.63. Kratos Defense & Security Solutions, Inc. has a 52 week low of $43.09 and a 52 week high of $134.00. The stock has a market cap of $8.74 billion, a P/E ratio of 274.12 and a beta of 1.08. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the business posted $0.12 earnings per share. The business's quarterly revenue was up 22.6% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of several research analyst reports. Wedbush started coverage on Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They issued an "outperform" rating and a $85.00 price objective on the stock. Truist Financial upgraded Kratos Defense & Security Solutions to a "strong-buy" rating in a research report on Friday, May 1st. Piper Sandler decreased their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, May 7th. Citigroup reissued a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $57.93, for a total value of $86,895.00. Following the sale, the senior vice president owned 64,447 shares in the company, valued at approximately $3,733,414.71. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,675 shares of the business's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $50.00, for a total transaction of $233,750.00. Following the completion of the sale, the insider owned 9,600 shares in the company, valued at approximately $480,000. This trade represents a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 139,036 shares of company stock worth $7,799,667. Company insiders own 1.50% of the company's stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc NASDAQ: KTOS is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.

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