Cresset Asset Management LLC Has $386,000 Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Cresset Asset Management LLC reduced its stake in Kratos Defense & Security Solutions (NASDAQ: KTOS) by 26.9%, now holding 13,005 shares worth approximately $386,000.
• During the recent quarter, several large investors increased their positions, with Voya Investment Management LLC notably boosting ownership by 435.3%, now owning 943,638 shares valued at about $24.9 million.
• In its latest earnings report, Kratos reported $0.11 earnings per share, exceeding analysts' estimates, and a revenue of $351.5 million, up 17.1% year-over-year.

Cresset Asset Management LLC lowered its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,005 shares of the aerospace company's stock after selling 4,797 shares during the quarter. Cresset Asset Management LLC's holdings in Kratos Defense & Security Solutions were worth $386,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KTOS. CANADA LIFE ASSURANCE Co boosted its position in Kratos Defense & Security Solutions by 11.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,431 shares of the aerospace company's stock worth $459,000 after acquiring an additional 1,791 shares during the last quarter. MetLife Investment Management LLC boosted its position in Kratos Defense & Security Solutions by 4.6% during the 4th quarter. MetLife Investment Management LLC now owns 89,329 shares of the aerospace company's stock worth $2,356,000 after acquiring an additional 3,920 shares during the last quarter. Stifel Financial Corp boosted its position in Kratos Defense & Security Solutions by 17.5% during the 4th quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock worth $7,808,000 after acquiring an additional 44,048 shares during the last quarter. Voya Investment Management LLC boosted its position in Kratos Defense & Security Solutions by 435.3% during the 4th quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock worth $24,893,000 after acquiring an additional 767,345 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $457,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Up 3.0%

KTOS opened at $66.71 on Monday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $20.83 and a 1-year high of $72.70. The stock's fifty day simple moving average is $54.16 and its 200 day simple moving average is $40.04. 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 stock has a market cap of $11.26 billion, a PE ratio of 667.17 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $305.67 million. During the same quarter in the prior year, the business earned $0.14 EPS. The firm's revenue for the quarter 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 expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on KTOS. JPMorgan Chase & Co. increased their price objective on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 30th. Canaccord Genuity Group set a $74.00 price objective on Kratos Defense & Security Solutions and gave the company a "buy" rating in a report on Monday, August 11th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a report on Friday, June 27th. Royal Bank Of Canada increased their price objective on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.64.

Insiders Place Their Bets

In related news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $65.10, for a total value of $325,500.00. Following the sale, the chief financial officer owned 313,327 shares in the company, valued at approximately $20,397,587.70. This represents a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $67.78, for a total value of $406,680.00. Following the completion of the sale, the insider owned 264,074 shares in the company, valued at approximately $17,898,935.72. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,986 shares of company stock worth $3,946,088 in the last quarter. Company insiders own 2.37% of the company's stock.

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.

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