Kratos Defense & Security Solutions, Inc. $KTOS Shares Purchased by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management increased its holdings in Kratos Defense & Security Solutions by 183.9% in the first quarter, acquiring an additional 31,844 shares, bringing its total to 49,157 shares valued at approximately $1.46 million.
• Institutional investors now own 75.92% of the company's stock, with multiple hedge funds, including Canada Life Assurance Co and The Manufacturers Life Insurance Company, increasing their stakes during the last quarter.
• Following positive earnings where Kratos reported $0.11 earnings per share, analysts have a consensus rating of "Moderate Buy" with an average target price set at $57.64.

Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 183.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,157 shares of the aerospace company's stock after acquiring an additional 31,844 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in Kratos Defense & Security Solutions were worth $1,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KTOS. CANADA LIFE ASSURANCE Co increased its stake in Kratos Defense & Security Solutions by 11.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 17,431 shares of the aerospace company's stock worth $459,000 after acquiring an additional 1,791 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Kratos Defense & Security Solutions by 5.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 80,760 shares of the aerospace company's stock worth $2,130,000 after acquiring an additional 4,377 shares during the last quarter. Northern Trust Corp increased its stake in Kratos Defense & Security Solutions by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,798,339 shares of the aerospace company's stock worth $47,440,000 after acquiring an additional 35,223 shares during the last quarter. Comerica Bank increased its stake in Kratos Defense & Security Solutions by 7.0% during the fourth quarter. Comerica Bank now owns 126,501 shares of the aerospace company's stock worth $3,337,000 after acquiring an additional 8,234 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $151,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. BTIG Research raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price objective for the company in a research note on Thursday, August 14th. Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group set a $74.00 price objective on Kratos Defense & Security Solutions and gave the company a "buy" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $57.64.

Kratos Defense & Security Solutions Trading Down 0.2%

NASDAQ:KTOS opened at $67.92 on Thursday. The firm has a market cap of $11.46 billion, a PE ratio of 679.27 and a beta of 1.04. The stock has a fifty day moving average price of $55.68 and a 200 day moving average price of $40.66. Kratos Defense & Security Solutions, Inc. has a 12-month low of $20.83 and a 12-month high of $72.70. 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.Kratos Defense & Security Solutions's revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $65.10, for a total transaction of $325,500.00. Following the completion of the sale, the chief financial officer directly owned 313,327 shares of the company's stock, valued at $20,397,587.70. The trade was a 1.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 2,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $68.35, for a total value of $136,700.00. Following the sale, the senior vice president directly owned 63,357 shares of the company's stock, valued at $4,330,450.95. This trade represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,986 shares of company stock worth $4,159,798 over 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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