Future Fund LLC Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Future Fund LLC initiated a new stake in Kratos Defense & Security Solutions, buying 18,085 shares valued at about $1.37 million in the fourth quarter.
• Institutional ownership remains high, with hedge funds and other investors holding 75.92% of KTOS shares, while several smaller funds also added positions in recent quarters.
• Kratos reported better-than-expected quarterly results, posting EPS of $0.16 versus $0.13 expected and revenue of $371 million, up 22.6% year over year.

Future Fund LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,085 shares of the aerospace company's stock, valued at approximately $1,373,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp increased its stake in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company's stock worth $29,000 after purchasing an additional 380 shares during the period. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth $31,000. Caitlin John LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth $32,000. Murphy & Mullick Capital Management Corp increased its stake in Kratos Defense & Security Solutions by 115.4% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company's stock worth $32,000 after purchasing an additional 225 shares during the period. Finally, Accredited Wealth Management LLC increased its stake in Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company's stock worth $37,000 after purchasing an additional 269 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,500 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $89.07, for a total transaction of $578,955.00. Following the transaction, the insider owned 234,292 shares of the company's stock, valued at approximately $20,868,388.44. This represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonah Adelman sold 31,348 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the transaction, the insider directly owned 8,000 shares in the company, valued at $456,480. The trade was a 79.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 199,388 shares of company stock worth $14,283,667. Insiders own 1.50% of the company's stock.

Key Headlines Impacting Kratos Defense & Security Solutions

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Reports that the U.S. government may fund or take equity stakes in domestic drone makers have raised hopes that Kratos could benefit from stronger demand, policy support, and a more favorable growth outlook. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: Heavy call-option buying suggests traders are positioning for additional upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume NASDAQ: KTOS
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman. While the sales can pressure sentiment, at least one was made under a pre-arranged 10b5-1 plan and does not necessarily indicate a change in fundamentals. Jonah Adelman insider sale details

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent analyst reports. Clear Str upgraded Kratos Defense & Security Solutions to a "strong-buy" rating in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their target price on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an "outperform" rating on the stock in a research note on Thursday, May 7th. BNP Paribas Exane increased their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. BTIG Research reduced their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, May 7th. Finally, Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $96.28.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $64.13 on Friday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $35.88 and a 12-month high of $134.00. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $65.91 and its 200-day simple moving average is $81.05. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 377.24 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. During the same quarter in the prior year, the company earned $0.12 EPS. The business's revenue was up 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

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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