Delphi Financial Group Inc. Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

Delphi Financial Group Inc. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,030 shares of the aerospace company’s stock, valued at approximately $4,023,000. Kratos Defense & Security Solutions makes up approximately 2.3% of Delphi Financial Group Inc.’s portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of KTOS. Franklin Resources Inc. boosted its holdings in Kratos Defense & Security Solutions by 29.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after purchasing an additional 1,162,577 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 8.3% in the second quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company’s stock worth $183,490,000 after purchasing an additional 301,135 shares during the period. First Trust Advisors LP increased its holdings in shares of Kratos Defense & Security Solutions by 29.5% in the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after purchasing an additional 698,778 shares during the period. Invesco Ltd. raised its position in shares of Kratos Defense & Security Solutions by 7.4% in the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after buying an additional 209,189 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 13.3% in the second quarter. Hood River Capital Management LLC now owns 2,755,446 shares of the aerospace company’s stock worth $127,990,000 after buying an additional 324,140 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KTOS. UBS Group began coverage on Kratos Defense & Security Solutions in a research report on Wednesday, February 18th. They set a “neutral” rating and a $79.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. JonesTrading started coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They set a “buy” rating for the company. Finally, Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.28.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $91.28, for a total transaction of $456,400.00. Following the transaction, the chief financial officer directly owned 270,058 shares of the company’s stock, valued at approximately $24,650,894.24. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $85.36, for a total transaction of $341,440.00. Following the completion of the sale, the insider owned 81,964 shares of the company’s stock, valued at approximately $6,996,447.04. The trade was a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 579,731 shares of company stock worth $50,949,306 over the last ninety days. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 2.2%

KTOS opened at $87.53 on Friday. The business’s fifty day simple moving average is $100.19 and its 200 day simple moving average is $86.57. Kratos Defense & Security Solutions, Inc. has a 52 week low of $25.78 and a 52 week high of $134.00. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05. The stock has a market cap of $16.35 billion, a PE ratio of 673.36 and a beta of 1.12.

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 the consensus estimate of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The firm had revenue of $345.10 million during the quarter, compared to analyst estimates of $327.51 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions 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.