Stoneridge Investment Partners LLC Invests $211,000 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 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,116 shares of the aerospace company's stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Costello Asset Management INC purchased a new stake in Kratos Defense & Security Solutions in the first quarter worth approximately $29,000. Aspect Partners LLC boosted its holdings in Kratos Defense & Security Solutions by 1,900.0% in the first 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 position in Kratos Defense & Security Solutions in the first quarter worth approximately $30,000. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions in the first quarter worth approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.51, for a total value of $222,040.00. Following the sale, the insider directly owned 42,154 shares in the company, valued at approximately $2,339,968.54. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, July 28th. The shares were sold at an average price of $58.53, for a total transaction of $409,710.00. Following the completion of the sale, the insider owned 353,451 shares in the company, valued at approximately $20,687,487.03. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,986 shares of company stock worth $3,946,088 in the last 90 days. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded up $1.93 during trading hours on Friday, reaching $66.71. 2,981,872 shares of the stock traded hands, compared to its average volume of 4,016,244. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $20.83 and a 52-week high of $72.70. The company's 50-day moving average price is $54.16 and its two-hundred day moving average price is $39.99. The company has a market cap of $11.26 billion, a P/E ratio of 667.17 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates 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 in the previous year, the company earned $0.14 EPS. Kratos Defense & Security Solutions's revenue for the quarter 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, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 22nd. B. Riley reiterated a "buy" rating and issued a $72.00 price target (up from $55.00) on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. Noble Financial reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. JMP Securities set a $70.00 price target on shares of Kratos Defense & Security Solutions and gave the stock a "market outperform" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $57.64.

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.