Fuller & Thaler Asset Management Inc. Purchases 530,599 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Kratos Defense & Security Solutions by 25.5% during Q1, owning approximately 1.70% of the company, valued at $77.48 million.
• A number of institutional investors have also raised their positions in Kratos Defense, with 75.92% of the stock currently held by hedge funds and other institutional investors.
• Kratos reported a $0.11 EPS for the latest quarter, surpassing estimates, with revenues of $351.50 million, a 17.1% increase year-over-year.

Fuller & Thaler Asset Management Inc. grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 25.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,609,621 shares of the aerospace company's stock after purchasing an additional 530,599 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.70% of Kratos Defense & Security Solutions worth $77,480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after purchasing an additional 1,728,179 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares in the last quarter. Invesco Ltd. increased its holdings in Kratos Defense & Security Solutions by 75.2% during the 1st quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company's stock worth $71,329,000 after purchasing an additional 1,031,223 shares in the last quarter. Northern Trust Corp increased its holdings in Kratos Defense & Security Solutions by 2.0% during the 4th quarter. Northern Trust Corp now owns 1,798,339 shares of the aerospace company's stock worth $47,440,000 after purchasing an additional 35,223 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Kratos Defense & Security Solutions by 140.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock worth $42,201,000 after purchasing an additional 934,455 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $0.25 during trading on Wednesday, hitting $64.27. 3,794,354 shares of the company were exchanged, compared to its average volume of 4,117,437. The company has a market cap of $10.85 billion, a PE ratio of 642.76 and a beta of 1.04. The stock has a 50 day moving average of $53.19 and a 200 day moving average of $39.51. Kratos Defense & Security Solutions, Inc. has a 52-week low of $20.70 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $351.50 million for the quarter, compared to the consensus estimate of $305.67 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm's 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. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.53, for a total value of $409,710.00. Following the sale, the insider owned 353,451 shares in the company, valued at approximately $20,687,487.03. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was 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 $17,898,935.72. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,786 shares of company stock worth $3,928,132. 2.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KTOS. JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 30th. Royal Bank Of Canada upped their target price 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. Benchmark upped their target price on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective on the stock in a research note on Monday, June 30th. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.64.

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.