Kratos Defense & Security Solutions, Inc. $KTOS Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 174.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 366,154 shares of the aerospace company’s stock after purchasing an additional 232,807 shares during the period. Empowered Funds LLC’s holdings in Kratos Defense & Security Solutions were worth $25,818,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 427.0% in the first quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock worth $37,000 after buying an additional 427 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Kratos Defense & Security Solutions by 154.2% during the first quarter. Quantinno Capital Management LP now owns 63,373 shares of the aerospace company’s stock valued at $4,468,000 after buying an additional 38,440 shares during the last quarter. Themes Management Co LLC grew its holdings in shares of Kratos Defense & Security Solutions by 68.2% during the first quarter. Themes Management Co LLC now owns 8,184 shares of the aerospace company’s stock valued at $577,000 after buying an additional 3,317 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Kratos Defense & Security Solutions by 6.0% in the 1st quarter. Gabelli Funds LLC now owns 21,371 shares of the aerospace company’s stock valued at $1,507,000 after acquiring an additional 1,215 shares during the period. Finally, Compound Planning Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $221,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BTIG Research reduced their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. UBS Group reissued a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Royal Bank Of Canada reduced their price objective on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, July 8th. Finally, BNP Paribas Exane upped their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 31,348 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total value of $1,788,716.88. Following the completion of the transaction, the insider owned 8,000 shares of the company’s stock, valued at approximately $456,480. The trade was a 79.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $63.74, for a total transaction of $318,700.00. Following the completion of the transaction, the chief financial officer owned 290,161 shares of the company’s stock, valued at approximately $18,494,862.14. This trade represents a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 137,036 shares of company stock worth $7,780,257. 1.50% of the stock is currently owned by corporate insiders.

Kratos Defense & Security Solutions Stock Up 4.4%

Shares of KTOS opened at $49.45 on Tuesday. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 290.88 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 52 week low of $45.58 and a 52 week high of $134.00. The stock’s 50-day moving average price is $53.47 and its 200-day moving average price is $74.33. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the business earned $0.12 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current 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.