US Bancorp DE Cuts Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• US Bancorp DE reduced its stake in Kratos Defense & Security Solutions by 19.2% during Q2, owning 16,503 shares worth about $767,000 after selling 3,918 shares.
• Vanguard Group Inc. increased its shares in Kratos by 11.7% to 16.4 million shares valued at approximately $488.3 million, reflecting the firm's confidence in the aerospace company.
• Kratos reported $0.11 earnings per share in its latest quarterly results, surpassing expectations, with revenues of $351.5 million, up 17.1% from the previous year.

US Bancorp DE cut its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 19.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,503 shares of the aerospace company's stock after selling 3,918 shares during the period. US Bancorp DE's holdings in Kratos Defense & Security Solutions were worth $767,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after acquiring an additional 1,728,179 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Kratos Defense & Security Solutions by 25.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock worth $77,480,000 after buying an additional 530,599 shares in the last quarter. Invesco Ltd. increased its stake in Kratos Defense & Security Solutions by 75.2% during the 1st quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company's stock worth $71,329,000 after buying an additional 1,031,223 shares in the last quarter. Voya Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 129.2% during the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company's stock worth $64,226,000 after buying an additional 1,219,585 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Kratos Defense & Security Solutions by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,574,099 shares of the aerospace company's stock worth $46,735,000 after buying an additional 60,662 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Down 6.2%

Shares of KTOS stock opened at $83.12 on Friday. The company's 50-day moving average price is $77.67 and its 200-day moving average price is $54.21. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 831.28 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a twelve month low of $22.69 and a twelve month high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $351.50 million for 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 company's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. Benchmark upped their target price 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. Noble Financial reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.36.

Insider Activity

In other news, VP De Burgreen Maria Cervantes sold 6,264 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $69.80, for a total transaction of $437,227.20. Following the transaction, the vice president owned 53,609 shares of the company's stock, valued at approximately $3,741,908.20. The trade was a 10.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $67.78, for a total transaction of $406,680.00. Following the transaction, the insider directly owned 264,074 shares in the company, valued at approximately $17,898,935.72. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,716 shares of company stock worth $6,399,245. 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.

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