Northside Capital Management LLC Invests $232,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Northside Capital Management LLC invested $232,000 in Kratos Defense & Security Solutions by purchasing 5,000 shares in the 2nd quarter.
• Analysts have generally rated Kratos Defense & Security Solutions positively, with a consensus rating of "Moderate Buy" and an average target price of $57.64.
• Despite recent insider selling activity, the company reported strong quarterly revenue of $351.50 million, a 17.1% increase year-over-year.

Northside Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the aerospace company's stock, valued at approximately $232,000.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $594,000. Corebridge Financial Inc. lifted its position in 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 acquiring an additional 3,860 shares in the last quarter. New York State Teachers Retirement System bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $1,407,000. Oregon Public Employees Retirement Fund bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $1,039,000. Finally, Bank of New York Mellon Corp increased its stake in Kratos Defense & Security Solutions by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock valued at $36,277,000 after buying an additional 24,455 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Benchmark raised their price target on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald restated an "overweight" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. The Goldman Sachs Group upgraded shares of 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 report on Monday, June 30th. Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 22nd. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $74.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.64.

Insider Buying and Selling

In other news, insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $64.19, for a total transaction of $256,760.00. Following the sale, the insider directly owned 38,128 shares in the company, valued at $2,447,436.32. This trade represents a 9.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,408 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $69.45, for a total transaction of $97,785.60. Following the sale, the senior vice president owned 61,943 shares in the company, valued at $4,301,941.35. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,430 shares of company stock valued at $4,745,162 in the last ninety days. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Trading Up 3.9%

Shares of KTOS stock opened at $83.90 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $22.69 and a 12-month high of $85.48. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $65.32 and its 200 day moving average is $46.46. The stock has a market capitalization of $14.16 billion, a P/E ratio of 839.08 and a beta of 1.05.

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

About Kratos Defense & Security Solutions

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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