Public Employees Retirement System of Ohio Sells 40,008 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Public Employees Retirement System of Ohio reduced its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 98.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 752 shares of the aerospace company's stock after selling 40,008 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Kratos Defense & Security Solutions were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $29,000. Aspect Partners LLC raised its holdings in Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Larson Financial Group LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Finally, Twin Tree Management LP bought a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $37,000. 75.92% of the stock is owned by institutional investors.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $67.58, for a total transaction of $473,060.00. Following the completion of the transaction, the insider owned 346,441 shares of the company's stock, valued at $23,412,482.78. This represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $325,500.00. Following the transaction, the chief financial officer directly owned 313,327 shares of the company's stock, valued at approximately $20,397,587.70. This trade represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,276 shares of company stock worth $5,677,241. 2.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KTOS. Canaccord Genuity Group reissued a "buy" rating and set a $74.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, September 9th. Raymond James Financial reissued a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. The Goldman Sachs Group raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective for the company in a report on Monday, June 30th. Noble Financial reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Monday, August 11th. Finally, Benchmark upped their price target on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.86.

Kratos Defense & Security Solutions Trading Up 1.9%

NASDAQ:KTOS opened at $105.67 on Thursday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $22.69 and a twelve month high of $106.31. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $73.05 and a two-hundred day moving average price of $51.09. The company has a market cap of $17.84 billion, a P/E ratio of 1,056.81 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The firm had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The business's 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. As a group, analysts expect 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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