Kratos Defense & Security Solutions, Inc. $KTOS Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 96.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,458 shares of the aerospace company’s stock after acquiring an additional 11,513 shares during the period. Silver Oak Securities Incorporated’s holdings in Kratos Defense & Security Solutions were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in Kratos Defense & Security Solutions by 1,389.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $91,901,000. First Trust Advisors LP raised its stake 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 last quarter. Seven Grand Managers LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $23,225,000. Finally, Sapient Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $41,401,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KTOS shares. The Goldman Sachs Group increased their price target on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Truist Financial set a $135.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. Finally, Stifel Nicolaus boosted their target price on shares of Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. One 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 stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

Insider Activity at Kratos Defense & Security Solutions

In other news, Director Scot B. Jarvis sold 5,000 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $78.14, for a total transaction of $390,700.00. Following the sale, the director directly owned 80,417 shares of the company’s stock, valued at $6,283,784.38. This represents a 5.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,516 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $88.97, for a total value of $134,878.52. Following the sale, the senior vice president owned 67,926 shares in the company, valued at $6,043,376.22. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 373,500 shares of company stock valued at $34,826,678 in the last quarter. 2.37% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Trading Up 8.0%

Kratos Defense & Security Solutions stock opened at $70.51 on Wednesday. The firm has a market cap of $13.21 billion, a PE ratio of 542.43 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00. The stock’s 50 day simple moving average is $92.50 and its two-hundred day simple moving average is $88.16. The company has a current ratio of 4.06, a quick ratio of 3.46 and a debt-to-equity ratio of 0.05.

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

About Kratos Defense & Security Solutions

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.