Swiss National Bank Has $8.69 Million Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• The Swiss National Bank decreased its holdings in Kratos Defense & Security Solutions, selling 4,200 shares and now owns about 0.19% of the company, valued at $8.69 million.
• Analysts have notably upgraded Kratos Defense & Security Solutions, with a consensus target price of $57.64 and a majority rating of "Moderate Buy".
• Kratos reported a 17.1% year-over-year revenue increase for the last quarter, totaling $351.50 million with an EPS of $0.11, exceeding estimates.

Swiss National Bank decreased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 292,700 shares of the aerospace company's stock after selling 4,200 shares during the period. Swiss National Bank owned approximately 0.19% of Kratos Defense & Security Solutions worth $8,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Kratos Defense & Security Solutions by 4.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,299 shares of the aerospace company's stock worth $543,000 after purchasing an additional 698 shares during the period. WealthPlan Investment Management LLC lifted its position in Kratos Defense & Security Solutions by 107.8% in the first quarter. WealthPlan Investment Management LLC now owns 36,282 shares of the aerospace company's stock worth $1,077,000 after purchasing an additional 18,823 shares during the period. Maryland State Retirement & Pension System bought a new position in Kratos Defense & Security Solutions in the first quarter worth $1,324,000. Mutual of America Capital Management LLC bought a new position in Kratos Defense & Security Solutions in the first quarter worth $661,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Kratos Defense & Security Solutions by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,574,099 shares of the aerospace company's stock worth $46,735,000 after purchasing an additional 60,662 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS traded down $4.3520 during midday trading on Tuesday, reaching $64.3880. The company's stock had a trading volume of 2,801,264 shares, compared to its average volume of 3,346,526. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $20.58 and a fifty-two week high of $72.70. The company has a market capitalization of $10.87 billion, a P/E ratio of 644.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The business's fifty day simple moving average is $52.22 and its 200-day simple moving average is $39.16.

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

Analysts Set New Price Targets

KTOS has been the subject of several research reports. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 22nd. Truist Financial raised their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JMP Securities set a $70.00 price objective on Kratos Defense & Security Solutions and gave the company a "market outperform" rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.64.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.51, for a total value of $222,040.00. Following the completion of the sale, the insider directly owned 42,154 shares in the company, valued at $2,339,968.54. This trade represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $67.78, for a total value of $406,680.00. Following the completion of the sale, the insider owned 264,074 shares of the company's stock, valued at approximately $17,898,935.72. 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 101,786 shares of company stock valued at $4,443,682 in the last three months. Company insiders own 2.37% of the company's stock.

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.