Kratos Defense & Security Solutions, Inc. $KTOS Stock Holdings Increased by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System increased its stake in Kratos Defense & Security Solutions by 43.6% during the second quarter, now holding shares worth approximately $3.16 million.
• Recent analyst reports have resulted in upgraded ratings for Kratos, with JMP Securities raising its target price from $70.00 to $105.00 and indicating a "market outperform" rating.
• In insider trading news, CFO Deanna H. Lund sold 5,000 shares while Stacey G. Rock sold 3,846 shares, indicating a modest decrease in their ownership stakes.

New York State Teachers Retirement System lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 43.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,085 shares of the aerospace company's stock after purchasing an additional 20,685 shares during the quarter. New York State Teachers Retirement System's holdings in Kratos Defense & Security Solutions were worth $3,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTOS. Wealth Enhancement Advisory Services LLC bought a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $594,000. Corebridge Financial Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 5.2% in the 1st 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 in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Kratos Defense & Security Solutions by 15.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company's stock valued at $4,552,000 after purchasing an additional 13,345 shares in the last quarter. Trivium Point Advisory LLC boosted its stake in shares of Kratos Defense & Security Solutions by 25.0% in the 2nd quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company's stock valued at $1,041,000 after purchasing an additional 4,483 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $1,039,000. Institutional investors own 75.92% of the company's stock.

Insider Activity

In other news, insider Stacey G. Rock sold 3,846 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $92.02, for a total transaction of $353,908.92. Following the completion of the sale, the insider owned 34,202 shares in the company, valued at $3,147,268.04. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $92.03, for a total value of $460,150.00. Following the sale, the chief financial officer owned 308,069 shares of the company's stock, valued at approximately $28,351,590.07. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,716 shares of company stock valued at $6,399,245. Corporate insiders own 2.37% of the company's stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent analyst reports. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a "market outperform" rating in a research note on Thursday, October 2nd. Raymond James Financial reiterated a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. Noble Financial reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. Finally, B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $72.00 to $105.00 in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $77.36.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $90.62 on Wednesday. The stock's 50-day simple moving average is $78.53 and its 200 day simple moving average is $55.04. The firm has a market capitalization of $15.30 billion, a PE ratio of 906.29 and a beta of 1.12. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a twelve month low of $22.69 and a twelve month high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $351.50 million for 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 firm posted $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal 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.

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