Corebridge Financial Inc. Has $2.30 Million Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Corebridge Financial Inc. increased its stake in Kratos Defense & Security Solutions by 5.2% during the first quarter, now holding approximately $2.3 million worth of shares.
• Insiders sold a total of 58,419 shares of Kratos stock within the last quarter, amounting to $3.24 million in transactions, which raises questions about insider confidence.
• Kratos recently reported better-than-expected earnings with an EPS of $0.11, surpassing analysts' estimates, and a quarterly revenue increase of 17.1% year-over-year.

Corebridge Financial Inc. raised its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,422 shares of the aerospace company's stock after buying an additional 3,860 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of Kratos Defense & Security Solutions worth $2,299,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Costello Asset Management INC acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at $29,000. Aspect Partners LLC grew its position in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $30,000. Larson Financial Group LLC bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after purchasing an additional 700 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KTOS has been the topic of several research analyst reports. JMP Securities set a $70.00 target price on Kratos Defense & Security Solutions and gave the stock a "market outperform" rating in a report on Tuesday, July 22nd. Canaccord Genuity Group set a $74.00 target price on Kratos Defense & Security Solutions and gave the stock a "buy" rating in a report on Monday, August 11th. JPMorgan Chase & Co. raised their price target 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. Royal Bank Of Canada raised their price target 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, Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.64.

Kratos Defense & Security Solutions Trading Down 1.4%

NASDAQ:KTOS traded down $0.91 during mid-day trading on Thursday, hitting $63.59. The company had a trading volume of 2,810,047 shares, compared to its average volume of 3,317,385. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $20.83 and a fifty-two week high of $72.70. The business's fifty day moving average is $58.06 and its two-hundred day moving average is $41.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The firm has a market cap of $10.73 billion, a P/E ratio of 635.96 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $351.50 million for the quarter, compared to analyst estimates of $305.67 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company's quarterly revenue 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.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $46.06, for a total value of $322,420.00. Following the transaction, the insider owned 360,475 shares of the company's stock, valued at approximately $16,603,478.50. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.51, for a total value of $222,040.00. Following the sale, the insider directly owned 42,154 shares in the company, valued at approximately $2,339,968.54. This represents a 8.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,419 shares of company stock valued at $3,242,534. Corporate 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.