Raymond James Financial Inc. Has $23.16 Million Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Raymond James Financial Inc. reduced its stake in Kratos Defense & Security Solutions by 28.9%, owning 779,928 shares valued at approximately $23.16 million as of its latest SEC filing.
• In the first quarter, institutional investors showed strong interest, with Vanguard Group increasing its stake by 11.7% and Principal Financial Group raising its position by an astonishing 9,709%.
• Kratos reported earnings of $0.11 per share for the last quarter, surpassing analysts' estimates and reflecting a 17.1% year-over-year revenue growth.

Raymond James Financial Inc. decreased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 28.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 779,928 shares of the aerospace company's stock after selling 317,271 shares during the period. Raymond James Financial Inc. owned 0.51% of Kratos Defense & Security Solutions worth $23,156,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pinnacle Holdings LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 100.0% during the 1st quarter. Pinnacle Holdings LLC now owns 2,000 shares of the aerospace company's stock worth $59,000 after buying an additional 1,000 shares during the period. Trivium Point Advisory LLC raised its stake in Kratos Defense & Security Solutions by 56.2% in the 1st quarter. Trivium Point Advisory LLC now owns 17,923 shares of the aerospace company's stock worth $532,000 after purchasing an additional 6,445 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth about $93,000. Bulltick Wealth Management LLC acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth about $475,000. Finally, Public Sector Pension Investment Board acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter worth about $14,391,000. Institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KTOS. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark lifted their price objective 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. Royal Bank Of Canada lifted their price objective on shares of 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. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Canaccord Genuity Group set a $74.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a "buy" rating in a research note on Monday, August 11th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.64.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $51.42, for a total transaction of $308,520.00. Following the completion of the transaction, the insider directly owned 270,104 shares in the company, valued at $13,888,747.68. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $45.43, for a total transaction of $181,720.00. Following the transaction, the insider owned 46,243 shares of the company's stock, valued at approximately $2,100,819.49. This represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,986 shares of company stock valued at $4,159,798 in the last quarter. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded up $0.27 on Thursday, reaching $68.19. 1,273,685 shares of the stock were exchanged, compared to its average volume of 3,327,532. The firm's 50 day moving average is $55.68 and its 200-day moving average is $40.66. Kratos Defense & Security Solutions, Inc. has a one year low of $20.83 and a one year high of $72.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The firm has a market cap of $11.51 billion, a PE ratio of 681.36 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data 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 business 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%. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate 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.