TD Asset Management Inc Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• TD Asset Management Inc has acquired a new stake in Kratos Defense & Security Solutions, purchasing 50,186 shares valued at approximately $2.33 million.
• Insiders have sold a total of 85,716 shares of the company worth nearly $6.4 million in the past three months, indicating potential shifts in insider confidence.
• Despite a recent earnings report showing a revenue increase of 17.1% from the previous year, equity analysts have mixed ratings for the stock, with B. Riley downgrading it to "neutral."

TD Asset Management Inc purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,186 shares of the aerospace company's stock, valued at approximately $2,331,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 3.8% during the 2nd quarter. CWM LLC now owns 4,722 shares of the aerospace company's stock valued at $219,000 after buying an additional 171 shares during the period. Red Mountain Financial LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 1.9% during the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company's stock valued at $488,000 after buying an additional 200 shares during the period. ORG Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 12.3% during the 2nd quarter. ORG Partners LLC now owns 2,432 shares of the aerospace company's stock valued at $105,000 after buying an additional 267 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 0.7% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 38,965 shares of the aerospace company's stock valued at $1,810,000 after buying an additional 275 shares during the period. Finally, Moran Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 1.8% during the 2nd quarter. Moran Wealth Management LLC now owns 17,750 shares of the aerospace company's stock valued at $824,000 after buying an additional 309 shares during the period. 75.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,440 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $97.10, for a total value of $139,824.00. Following the completion of the sale, the senior vice president owned 60,396 shares in the company, valued at approximately $5,864,451.60. This represents a 2.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stacey G. Rock sold 3,846 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $92.02, for a total value of $353,908.92. Following the completion of the sale, the insider owned 34,202 shares of the company's stock, valued at $3,147,268.04. The trade was a 10.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,716 shares of company stock worth $6,399,245 in the last three months. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $90.62 on Wednesday. Kratos Defense & Security Solutions, Inc. has a one year low of $22.69 and a one year high of $112.57. The stock's fifty day moving average is $78.53 and its 200 day moving average is $55.04. The stock has a market cap of $15.30 billion, a P/E ratio of 906.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results 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. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. During the same quarter in the prior year, the business posted $0.14 EPS. Kratos Defense & Security Solutions's revenue for the quarter 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. Sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and increased their price target for the company from $72.00 to $105.00 in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. Finally, Noble Financial reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.36.

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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