Hodges Capital Management Inc. Buys 2,499 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Hodges Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.6% in the 2nd quarter, Holdings Channel reports. The firm owned 71,883 shares of the aerospace company’s stock after buying an additional 2,499 shares during the period. Hodges Capital Management Inc.’s holdings in Kratos Defense & Security Solutions were worth $3,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Americana Partners LLC purchased a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $461,000. Illinois Municipal Retirement Fund purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $3,494,000. Profund Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 11.9% in the second quarter. Profund Advisors LLC now owns 7,729 shares of the aerospace company’s stock worth $359,000 after acquiring an additional 819 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at $200,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at $370,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insiders Place Their Bets

In other news, insider Thomas E. Iv Mills sold 5,758 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.54, for a total value of $377,379.32. Following the completion of the transaction, the insider owned 9,692 shares of the company’s stock, valued at $635,213.68. This represents a 37.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $68.82, for a total value of $412,920.00. Following the completion of the transaction, the insider directly owned 258,073 shares in the company, valued at approximately $17,760,583.86. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 90,716 shares of company stock valued at $7,152,105. Insiders own 2.37% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of several research reports. BTIG Research raised their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $72.00 to $105.00 in a report on Wednesday, October 8th. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.36.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $77.88 on Monday. The company has a 50 day simple moving average of $83.57 and a two-hundred day simple moving average of $60.37. 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 firm has a market cap of $13.15 billion, a P/E ratio of 778.88 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 1-year low of $23.90 and a 1-year high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

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.