Werlinich Asset Management LLC Acquires Shares of 6,095 Kratos Defense & Security Solutions, Inc. $KTOS

Werlinich Asset Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,095 shares of the aerospace company’s stock, valued at approximately $463,000.

A number of other institutional investors have also made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at $32,000. Caitlin John LLC purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Whittier Trust Co. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $38,000. Accredited Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after buying an additional 269 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in Kratos Defense & Security Solutions by 142.7% in the 3rd quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock worth $39,000 after buying an additional 254 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. BTIG Research boosted their price target on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Truist Financial set a $135.00 price target on Kratos Defense & Security Solutions in a report on Friday, January 9th. Citizens Jmp raised their price objective on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price objective on shares of Kratos Defense & Security Solutions in a 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.28.

Insider Activity

In other Kratos Defense & Security Solutions news, Director Scott I. Anderson sold 15,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $89.11, for a total transaction of $1,336,650.00. Following the sale, the director directly owned 51,334 shares of the company’s stock, valued at approximately $4,574,372.74. This represents a 22.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip D. Carrai sold 6,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $89.07, for a total transaction of $578,955.00. Following the completion of the transaction, the insider owned 234,292 shares in the company, valued at approximately $20,868,388.44. The trade was a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 571,500 shares of company stock valued at $50,770,848 over the last quarter. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Trading Down 0.3%

NASDAQ:KTOS opened at $92.78 on Friday. The company has a market cap of $17.33 billion, a PE ratio of 713.75 and a beta of 1.12. The business’s 50 day moving average is $100.06 and its two-hundred day moving average is $87.26. 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, Inc. has a 52 week low of $25.78 and a 52 week high of $134.00.

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 for the quarter, beating analysts’ consensus estimates 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 business had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. During the same period in the previous year, the business earned $0.13 EPS. The business’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 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.