Korea Investment CORP Sells 5,209 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Korea Investment CORP decreased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.3% during the second quarter, Holdings Channel.com reports. The fund owned 115,091 shares of the aerospace company’s stock after selling 5,209 shares during the quarter. Korea Investment CORP’s holdings in Kratos Defense & Security Solutions were worth $5,346,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in Kratos Defense & Security Solutions by 15.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock valued at $4,552,000 after purchasing an additional 13,345 shares during the last quarter. Corebridge Financial Inc. increased its stake in shares of Kratos Defense & Security Solutions by 5.2% during the first quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock valued at $2,299,000 after buying an additional 3,860 shares during the period. ARK Investment Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after acquiring an additional 818,104 shares in the last quarter. Trivium Point Advisory LLC lifted its stake in Kratos Defense & Security Solutions by 25.0% in the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock worth $1,041,000 after acquiring an additional 4,483 shares during the period. Finally, Alpha Wealth Funds LLC bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at $227,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on KTOS. Robert W. Baird upped their price objective 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. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. BNP Paribas set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Canaccord Genuity Group lifted their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, BTIG Research increased 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, November 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $82.06.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 30,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the completion of the transaction, the insider owned 9,348 shares in the company, valued at approximately $699,230.40. The trade was a 76.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $92.03, for a total value of $460,150.00. Following the completion of the sale, the chief financial officer directly owned 308,069 shares in the company, valued at approximately $28,351,590.07. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,866 shares of company stock worth $8,699,898 over the last quarter. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Trading Down 3.8%

NASDAQ:KTOS opened at $73.21 on Tuesday. The firm has a market capitalization of $12.36 billion, a P/E ratio of 732.17 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. Kratos Defense & Security Solutions, Inc. has a one year low of $23.90 and a one year high of $112.57. The company’s 50-day simple moving average is $84.63 and its 200 day simple moving average is $64.76.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced 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. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The business had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS 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.