MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 40.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,539,840 shares of the aerospace company’s stock after acquiring an additional 444,956 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Kratos Defense & Security Solutions were worth $140,695,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in Kratos Defense & Security Solutions by 171.3% during the third quarter. Larson Financial Group LLC now owns 2,480 shares of the aerospace company’s stock valued at $227,000 after buying an additional 1,566 shares during the last quarter. Lido Advisors LLC bought a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $387,000. KADENSA CAPITAL Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $2,732,000. Hilltop Holdings Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 17.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 17,126 shares of the aerospace company’s stock worth $1,565,000 after acquiring an additional 2,528 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $323,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of recent research reports. B. Riley Financial raised their target price on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a report on Friday, January 9th. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. BTIG Research increased their price objective on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. Finally, Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.28.

Insiders Place Their Bets

In related news, Director Scot B. Jarvis sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $88.60, for a total transaction of $443,000.00. Following the transaction, the director directly owned 85,417 shares in the company, valued at approximately $7,567,946.20. This represents a 5.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas E. Iv Mills sold 5,758 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $91.26, for a total transaction of $525,475.08. Following the completion of the sale, the insider directly owned 4,086 shares in the company, valued at $372,888.36. This trade represents a 58.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 550,763 shares of company stock valued at $48,771,342. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $89.53 on Tuesday. The business’s 50 day moving average price is $100.19 and its 200-day moving average price is $86.98. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $25.78 and a fifty-two week high of $134.00. The company has a market cap of $16.72 billion, a P/E ratio of 688.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.Kratos Defense & Security Solutions’s revenue was up 21.9% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.