12,090 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Bought by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance acquired 12,090 shares of Kratos Defense & Security Solutions, valued at approximately $359,000, marking a new position for the firm in the aerospace sector.
• Multiple large hedge funds, including Vanguard Group which increased its shares by 11.7%, continue to show significant investments in Kratos, with institutional investors owning about 75.92% of the company's stock.
• Kratos reported a revenue increase of 17.1% year-over-year with earnings per share (EPS) of $0.11, surpassing analyst expectations, and is projected to have an EPS of $0.31 for the current fiscal year.

Independent Advisor Alliance acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,090 shares of the aerospace company's stock, valued at approximately $359,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of 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 valued at $488,332,000 after purchasing an additional 1,728,179 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 valued at $82,576,000 after purchasing an additional 203,245 shares in the last quarter. Invesco Ltd. boosted its position in shares of 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 valued at $71,329,000 after purchasing an additional 1,031,223 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 9.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock valued at $54,845,000 after purchasing an additional 172,030 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of 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 valued at $47,440,000 after purchasing an additional 35,223 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of analyst reports. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 22nd. Benchmark upped their price objective on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 30th. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target for the company in a research report on Monday, June 30th. Finally, Stifel Nicolaus increased their price target on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $57.64.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.51, for a total value of $222,040.00. Following the sale, the insider owned 42,154 shares in the company, valued at approximately $2,339,968.54. This trade represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $67.78, for a total transaction 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. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,786 shares of company stock worth $4,443,682. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded down $3.2120 during midday trading on Tuesday, hitting $65.5280. 1,567,405 shares of the company traded hands, compared to its average volume of 3,339,011. Kratos Defense & Security Solutions, Inc. has a twelve month low of $20.58 and a twelve month high of $72.70. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $52.22 and a 200-day simple moving average of $39.16. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 650.67 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $351.50 million for the quarter, compared to the consensus estimate of $305.67 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. Kratos Defense & Security Solutions's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. 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 earnings per share for the current year.

Kratos Defense & Security Solutions Company 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.