Cookson Peirce & Co. Inc. Takes $2.35 Million Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Cookson Peirce & Co. Inc. has acquired a new stake in Kratos Defense & Security Solutions valued at approximately $2.35 million by purchasing 50,583 shares.
• Analysts have recently raised their price targets and ratings for Kratos, with Royal Bank Of Canada increasing its target from $50.00 to $65.00 and JMP Securities raising it to $105.00.
• In insider trading news, insider David M. Carter sold 4,000 shares for over $411,000, leading to a decrease in his position by 4.09%.

Cookson Peirce & Co. Inc. acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,583 shares of the aerospace company's stock, valued at approximately $2,350,000.

A number of other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR boosted its stake in shares of Kratos Defense & Security Solutions by 933.7% in the second quarter. Stephens Inc. AR now owns 307,838 shares of the aerospace company's stock worth $14,299,000 after acquiring an additional 278,059 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $187,000. Alpha Wealth Funds LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $227,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $618,000. Finally, Allianz Asset Management GmbH acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $234,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $102.81, for a total transaction of $411,240.00. Following the sale, the insider owned 93,809 shares in the company, valued at $9,644,503.29. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stacey G. Rock sold 3,846 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $92.02, for a total value of $353,908.92. Following the sale, the insider owned 34,202 shares in the company, valued at approximately $3,147,268.04. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,716 shares of company stock worth $6,399,245 over the last quarter. 2.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KTOS shares. Royal Bank Of Canada boosted their price objective on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. BTIG Research raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price target on the stock in a research note on Thursday, August 14th. Citigroup reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. Finally, JMP Securities upped their price target on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a "market outperform" rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $77.36.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $90.62 on Wednesday. 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 has a market capitalization of $15.30 billion, a PE ratio of 906.29 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12-month low of $22.69 and a 12-month high of $112.57. The business's fifty day moving average price is $78.53 and its 200 day moving average price is $55.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $351.50 million for the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company's quarterly revenue 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. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

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.

Want to see what other hedge funds are holding KTOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.