Kratos Defense & Security Solutions, Inc. $KTOS Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 24.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 43,461 shares of the aerospace company’s stock after buying an additional 8,417 shares during the period. Bank of Montreal Can’s holdings in Kratos Defense & Security Solutions were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of KTOS. CWM LLC lifted its stake in shares of Kratos Defense & Security Solutions by 3.8% in the 2nd quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock worth $219,000 after acquiring an additional 171 shares during the period. Red Mountain Financial LLC raised its holdings in Kratos Defense & Security Solutions by 1.9% during the second quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock worth $488,000 after purchasing an additional 200 shares in the last quarter. ORG Partners LLC raised its holdings in Kratos Defense & Security Solutions by 12.3% during the second quarter. ORG Partners LLC now owns 2,432 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 267 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its position in Kratos Defense & Security Solutions by 0.7% in the second quarter. Robertson Stephens Wealth Management LLC now owns 38,965 shares of the aerospace company’s stock valued at $1,810,000 after purchasing an additional 275 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 11.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,769 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 289 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Down 6.5%

Shares of KTOS stock opened at $71.69 on Friday. The stock has a market cap of $12.10 billion, a P/E ratio of 716.97 and a beta of 1.11. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $112.57. The business has a fifty day simple moving average of $84.45 and a 200-day simple moving average of $61.18.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $323.01 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Phillip D. Carrai sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $96.90, for a total value of $581,400.00. Following the sale, the insider owned 252,041 shares of the company’s stock, valued at approximately $24,422,772.90. This represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $91.25, for a total value of $638,750.00. Following the transaction, the insider directly owned 332,421 shares of the company’s stock, valued at $30,333,416.25. The trade was a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 82,716 shares of company stock valued at $6,608,725. Corporate insiders own 2.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. BTIG Research raised their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $105.00 in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. One research 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 stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $82.36.

Kratos Defense & Security Solutions 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.