MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 233,703 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 51.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 687,989 shares of the aerospace company's stock after acquiring an additional 233,703 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.45% of Kratos Defense & Security Solutions worth $20,426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bosun Asset Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 29.9% during the 1st quarter. Bosun Asset Management LLC now owns 27,528 shares of the aerospace company's stock valued at $817,000 after acquiring an additional 6,330 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at approximately $292,000. Amundi bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at approximately $791,000. Ancora Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 75.8% during the 1st quarter. Ancora Advisors LLC now owns 5,844 shares of the aerospace company's stock valued at $174,000 after acquiring an additional 2,519 shares during the period. Finally, Royal Bank of Canada boosted its stake in Kratos Defense & Security Solutions by 22.6% in the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company's stock worth $5,655,000 after purchasing an additional 35,098 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $65.10, for a total transaction of $325,500.00. Following the sale, the chief financial officer directly owned 313,327 shares of the company's stock, valued at $20,397,587.70. This represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $67.78, for a total value of $406,680.00. Following the sale, the insider owned 264,074 shares in the company, valued at $17,898,935.72. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,177 shares of company stock worth $3,876,673. Company insiders own 2.37% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup restated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 22nd. The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target for the company in a research note on Monday, June 30th. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, June 30th. Raymond James Financial restated a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. Finally, Royal Bank Of Canada upped their price target on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.64.

Kratos Defense & Security Solutions Stock Up 1.9%

Shares of KTOS opened at $64.81 on Monday. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 648.16 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 1 year low of $20.83 and a 1 year high of $72.70. The business's 50 day simple moving average is $58.88 and its 200-day simple moving average is $42.63. 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 issued its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $351.50 million for the quarter, compared to analysts' expectations of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $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 expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share 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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