Fifth Third Wealth Advisors LLC Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Fifth Third Wealth Advisors LLC has acquired 5,419 shares of Kratos Defense & Security Solutions, valued at approximately $252,000, during Q2.
• Wall Street analysts have a generally positive outlook, with an average rating of "Moderate Buy" and an average price target of $69.14 for Kratos Defense & Security Solutions.
• Kratos Defense reported earnings of $0.11 per share in its last quarterly results, exceeding estimates and showing a 17.1% revenue increase year-over-year.

Fifth Third Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 5,419 shares of the aerospace company's stock, valued at approximately $252,000.

A number of other institutional investors have also bought and sold shares of the business. Red Mountain Financial LLC increased its stake in Kratos Defense & Security Solutions by 1.9% in the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company's stock worth $488,000 after buying an additional 200 shares in the last quarter. ORG Partners LLC grew its position in shares of Kratos Defense & Security Solutions by 12.3% during the second quarter. ORG Partners LLC now owns 2,432 shares of the aerospace company's stock valued at $105,000 after purchasing an additional 267 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Kratos Defense & Security Solutions by 0.7% during the second quarter. Robertson Stephens Wealth Management LLC now owns 38,965 shares of the aerospace company's stock valued at $1,810,000 after purchasing an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Kratos Defense & Security Solutions by 13.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company's stock valued at $86,000 after purchasing an additional 335 shares in the last quarter. Finally, Montag A & Associates Inc. grew its position in shares of Kratos Defense & Security Solutions by 3.8% during the first quarter. Montag A & Associates Inc. now owns 12,449 shares of the aerospace company's stock valued at $370,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. Benchmark raised their price objective on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. B. Riley lowered Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their price objective for the company from $72.00 to $105.00 in a research report on Wednesday, October 8th. Citigroup restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price target on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, August 8th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.14.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $96.28 on Tuesday. The firm's fifty day simple moving average is $75.34 and its two-hundred day simple moving average is $52.72. 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, Inc. has a 12-month low of $22.69 and a 12-month high of $112.57. The firm has a market capitalization of $16.25 billion, a P/E ratio of 962.90 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released 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 net margin of 1.20% and a return on equity of 3.10%. The business had revenue of $351.50 million for the quarter, compared to analyst estimates of $305.67 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business'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. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 6,264 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $69.80, for a total value of $437,227.20. Following the sale, the vice president directly owned 53,609 shares of the company's stock, valued at approximately $3,741,908.20. This represents a 10.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $353,908.92. Following the completion of the transaction, the insider owned 34,202 shares of the company's stock, 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. Over the last ninety days, insiders sold 78,276 shares of company stock valued at $5,678,021. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions 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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