Kratos Defense & Security Solutions, Inc. $KTOS Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 29.5% in the first quarter, holding 80,761 shares worth approximately $2.4 million.
• Analysts have bullish sentiment on the stock with several upgrades; the consensus target price is $57.64, with a mix of ratings including one Strong Buy and thirteen Buy ratings.
• Kratos reported earnings of $0.11 per share, exceeding the expected $0.09, with revenue rising by 17.1% year-over-year to $351.5 million.

Intech Investment Management LLC raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 29.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 80,761 shares of the aerospace company's stock after purchasing an additional 18,405 shares during the period. Intech Investment Management LLC owned about 0.05% of Kratos Defense & Security Solutions worth $2,398,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $594,000. Corebridge Financial Inc. grew its holdings in Kratos Defense & Security Solutions by 5.2% in the first quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company's stock valued at $2,299,000 after purchasing an additional 3,860 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $1,407,000. Oregon Public Employees Retirement Fund acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $1,039,000. Finally, Bank of New York Mellon Corp grew its holdings in Kratos Defense & Security Solutions by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock valued at $36,277,000 after purchasing an additional 24,455 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Analysts Set New Price Targets

KTOS has been the topic of a number of analyst reports. Benchmark increased their price objective on 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. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. JMP Securities set a $70.00 price objective on Kratos Defense & Security Solutions and gave the company a "market outperform" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.64.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $70.74 on Tuesday. The business's 50-day moving average price is $61.59 and its 200 day moving average price is $44.38. Kratos Defense & Security Solutions, Inc. has a twelve month low of $21.78 and a twelve month high of $72.70. The company has a market capitalization of $11.94 billion, a PE ratio of 707.47 and a beta of 1.05. 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 (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, topping 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 the consensus estimate of $305.67 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm's revenue for the quarter 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. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Thomas E. Iv Mills sold 5,758 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.54, for a total transaction of $377,379.32. Following the transaction, the insider directly owned 9,692 shares in the company, valued at approximately $635,213.68. This represents a 37.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.58, for a total value of $473,060.00. Following the completion of the transaction, the insider owned 346,441 shares in the company, valued at approximately $23,412,482.78. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,758 shares of company stock valued at $3,522,429 in the last three months. Company insiders own 2.37% of the company's stock.

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.

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