Kratos Defense & Security Solutions, Inc. $KTOS is Bard Associates Inc.’s 8th Largest Position

Bard Associates Inc. cut its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,758 shares of the aerospace company’s stock after selling 10,215 shares during the period. Kratos Defense & Security Solutions comprises 2.0% of Bard Associates Inc.’s holdings, making the stock its 8th largest holding. Bard Associates Inc.’s holdings in Kratos Defense & Security Solutions were worth $7,470,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Amalgamated Bank raised its holdings in Kratos Defense & Security Solutions by 57.7% during the 3rd quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock valued at $6,732,000 after buying an additional 26,946 shares during the period. Mission Wealth Management LP bought a new stake in Kratos Defense & Security Solutions in the third quarter worth $1,828,000. Baillie Gifford & Co. bought a new stake in Kratos Defense & Security Solutions in the third quarter worth $19,048,000. Victory Capital Management Inc. purchased a new position in Kratos Defense & Security Solutions during the third quarter worth $21,013,000. Finally, WCM Investment Management LLC purchased a new position in Kratos Defense & Security Solutions during the third quarter worth $17,922,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

KTOS stock opened at $87.53 on Friday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $25.78 and a twelve month high of $134.00. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 673.36 and a beta of 1.12. The business’s fifty day simple moving average is $100.19 and its two-hundred day simple moving average is $86.70. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.

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

Wall Street Analysts Forecast Growth

KTOS has been the topic of several recent analyst reports. JonesTrading assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Monday, January 5th. They issued a “buy” rating on the stock. Citizens Jmp lifted their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. BNP Paribas Exane set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Finally, Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $98.28.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 5,758 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $91.26, for a total value of $525,475.08. Following the transaction, the insider directly owned 4,086 shares in the company, valued at $372,888.36. This represents a 58.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stacey G. Rock sold 6,066 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $87.99, for a total transaction of $533,747.34. Following the transaction, the insider directly owned 25,617 shares in the company, valued at approximately $2,254,039.83. This trade represents a 19.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 579,731 shares of company stock worth $50,949,306 over the last 90 days. Corporate insiders own 2.37% of the company’s stock.

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.