Maryland State Retirement & Pension System Purchases 4,301 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• The Maryland State Retirement & Pension System increased its stake in Kratos Defense & Security Solutions by 9.6%, purchasing an additional 4,301 shares, bringing its total holdings to 48,910 shares valued at approximately $2.27 million.
• Analysts have a mixed outlook on Kratos, with ratings ranging from "Hold" to "Outperform," and price targets adjusting significantly, with B. Riley raising its target to $105.
• In its latest earnings report, Kratos beat earnings expectations with $0.11 EPS and revenue of $351.5 million, indicating a 17.1% increase in quarterly revenue compared to the previous year.

Maryland State Retirement & Pension System raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,910 shares of the aerospace company's stock after purchasing an additional 4,301 shares during the period. Maryland State Retirement & Pension System's holdings in Kratos Defense & Security Solutions were worth $2,272,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS increased its stake in Kratos Defense & Security Solutions by 2.9% in the second quarter. KLP Kapitalforvaltning AS now owns 31,600 shares of the aerospace company's stock valued at $1,468,000 after purchasing an additional 900 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Kratos Defense & Security Solutions by 2.8% during the second quarter. Belpointe Asset Management LLC now owns 17,908 shares of the aerospace company's stock worth $832,000 after acquiring an additional 480 shares in the last quarter. Abacus Planning Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth $209,000. Red Mountain Financial LLC increased its position in shares of Kratos Defense & Security Solutions by 1.9% during the second quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company's stock worth $488,000 after acquiring an additional 200 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its position in shares of Kratos Defense & Security Solutions by 28.3% during the second quarter. Cornell Pochily Investment Advisors Inc. now owns 10,040 shares of the aerospace company's stock worth $466,000 after acquiring an additional 2,215 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $94.63 on Friday. The stock has a market cap of $15.97 billion, a P/E ratio of 946.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The company has a fifty day moving average price of $74.61 and a two-hundred day moving average price of $51.97. Kratos Defense & Security Solutions, Inc. has a one year low of $22.69 and a one year high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results 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. The company had revenue of $351.50 million during the quarter, compared to analysts' expectations of $305.67 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. Kratos Defense & Security Solutions's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KTOS. Weiss Ratings reissued a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday. Citigroup reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, October 2nd. B. Riley downgraded shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $72.00 to $105.00 in a research report on Wednesday. JPMorgan Chase & Co. increased 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. Finally, Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday. One equities research 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $69.14.

Insider Activity at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 5,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $92.03, for a total transaction of $460,150.00. Following the completion of the sale, the chief financial officer owned 308,069 shares in the company, valued at approximately $28,351,590.07. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stacey G. Rock sold 3,846 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $92.02, for a total transaction of $353,908.92. Following the sale, the insider owned 34,202 shares of the company's stock, valued at approximately $3,147,268.04. This represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,276 shares of company stock worth $6,088,481 in the last quarter. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions 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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