Kratos Defense & Security Solutions, Inc. $KTOS Stock Position Increased by Amalgamated Bank

Key Points

• Amalgamated Bank increased its stake in Kratos by 57.7% in Q3, buying an additional 26,946 shares to own 73,673 shares valued at about $6.73 million per its 13F filing.
• Insider selling has been heavy recently: David M. Carter sold 8,123 shares (avg $105.40) and Phillip D. Carrai sold 6,500 shares (avg $123.30), with insiders selling 911,815 shares worth $74.2 million over the last 90 days.
• Wall Street sentiment is broadly positive—consensus is a "Moderate Buy" with an average target of $87.94—even as several brokers raised targets (e.g., Truist $135, Canaccord $120, B. Riley $128) while the stock recently traded around $130.72 (market cap ~$22.1B).

Amalgamated Bank raised its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 57.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,673 shares of the aerospace company's stock after purchasing an additional 26,946 shares during the period. Amalgamated Bank's holdings in Kratos Defense & Security Solutions were worth $6,732,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $30,000. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $31,000. Bayforest Capital Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at $32,000. NewEdge Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 515 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 129.0% during the second quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company's stock valued at $41,000 after purchasing an additional 503 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 8,123 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $105.40, for a total transaction of $856,164.20. Following the transaction, the insider directly owned 81,816 shares of the company's stock, valued at $8,623,406.40. This represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Phillip D. Carrai sold 6,500 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $123.30, for a total value of $801,450.00. Following the completion of the transaction, the insider directly owned 219,741 shares in the company, valued at $27,094,065.30. The trade was a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 911,815 shares of company stock worth $74,226,491. 2.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KTOS. Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Truist Financial set a $135.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, January 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. B. Riley boosted their target price on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Finally, BNP Paribas set a $80.00 target price on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.94.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $130.72 on Tuesday. The firm has a market capitalization of $22.07 billion, a P/E ratio of 1,005.62 and a beta of 1.09. The stock has a fifty day moving average of $83.28 and a 200-day moving average of $76.50. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $132.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same period in the previous year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions's quarterly revenue was up 26.0% on a year-over-year basis. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc NASDAQ: KTOS is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm's core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.

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