Profit Investment Management LLC trimmed its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 6.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 109,838 shares of the aerospace company's stock after selling 6,984 shares during the quarter. Kratos Defense & Security Solutions makes up about 4.6% of Profit Investment Management LLC's investment portfolio, making the stock its largest holding. Profit Investment Management LLC owned about 0.07% of Kratos Defense & Security Solutions worth $5,102,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in KTOS. 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 acquiring an additional 1,728,179 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Kratos Defense & Security Solutions by 25.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock valued at $77,480,000 after buying an additional 530,599 shares during the last quarter. Invesco Ltd. increased its holdings in Kratos Defense & Security Solutions by 75.2% in the 1st quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company's stock valued at $71,329,000 after buying an additional 1,031,223 shares during the period. Voya Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 129.2% during the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company's stock worth $64,226,000 after buying an additional 1,219,585 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,574,099 shares of the aerospace company's stock valued at $46,735,000 after buying an additional 60,662 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the 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 transaction, the insider owned 346,441 shares of the company's stock, valued at approximately $23,412,482.78. This represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP De Burgreen Maria Cervantes sold 6,264 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $69.80, for a total value of $437,227.20. Following the transaction, the vice president directly owned 53,609 shares in the company, valued at approximately $3,741,908.20. This represents a 10.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,430 shares of company stock worth $4,745,162 in the last three months. Corporate insiders own 2.37% of the company's stock.
Kratos Defense & Security Solutions Trading Up 0.1%
Shares of NASDAQ KTOS traded up $0.12 during mid-day trading on Friday, hitting $80.77. The company's stock had a trading volume of 35,421,513 shares, compared to its average volume of 4,433,547. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 807.78 and a beta of 1.05. The company's fifty day simple moving average is $64.09 and its 200-day simple moving average is $45.82. Kratos Defense & Security Solutions, Inc. has a one year low of $22.64 and a one year high of $82.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88.
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 analysts' consensus estimates 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 company had revenue of $351.50 million for the quarter, compared to analysts' expectations of $305.67 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business's revenue 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, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have commented on KTOS shares. JPMorgan Chase & Co. lifted their price objective 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. Cantor Fitzgerald reissued an "overweight" rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. B. Riley restated a "buy" rating and issued a $72.00 price target (up previously from $55.00) on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Stifel Nicolaus boosted their price target on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $57.64.
Get Our Latest Stock Analysis on KTOS
About Kratos Defense & Security Solutions
(
Free Report)
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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