Stoneridge Investment Partners LLC Takes $211,000 Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Stoneridge Investment Partners LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter, investing approximately $211,000 for 7,116 shares.
• Multiple hedge funds have increased their stakes or established new positions in Kratos, with institutional investors now owning 75.92% of the company's stock.
• Brokerage firms are optimistic about Kratos, with analysts giving it an average rating of "Moderate Buy" and setting a target price of $57.64.

Stoneridge Investment Partners LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,116 shares of the aerospace company's stock, valued at approximately $211,000.

Other hedge funds also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $29,000. Larson Financial Group LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $30,000. Aspect Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 1,900.0% in 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 period. Smallwood Wealth Investment Management LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 700 shares during the period. Institutional investors own 75.92% of the company's stock.

Insider Activity

In other news, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $42.16, for a total transaction of $252,960.00. Following the completion of the transaction, the insider directly owned 276,085 shares of the company's stock, valued at approximately $11,639,743.60. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $45.43, for a total transaction of $181,720.00. Following the transaction, the insider directly owned 46,243 shares of the company's stock, valued at approximately $2,100,819.49. This trade represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,786 shares of company stock valued at $3,928,132. 2.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on KTOS. 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 shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price on the stock in a report on Monday, June 30th. Stifel Nicolaus boosted their target price on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 21st. Benchmark upped 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 report on Tuesday, July 8th. Finally, Noble Financial reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. One 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's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average price target of $57.64.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $64.02 on Wednesday. The company has a 50-day simple moving average of $52.71 and a two-hundred day simple moving average of $39.34. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 12-month low of $20.58 and a 12-month high of $72.70. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 640.26 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company'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. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current 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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