Robertson Stephens Wealth Management LLC Increases Position in Kratos Defense & Security Solutions, Inc. $KTOS

Robertson Stephens Wealth Management LLC increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 0.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,965 shares of the aerospace company’s stock after acquiring an additional 275 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Kratos Defense & Security Solutions were worth $1,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Kratos Defense & Security Solutions by 11.7% in the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after acquiring an additional 1,728,179 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Kratos Defense & Security Solutions by 25.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company’s stock worth $77,480,000 after acquiring an additional 530,599 shares in the last quarter. Invesco Ltd. grew its position in Kratos Defense & Security Solutions by 75.2% in the first quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company’s stock worth $71,329,000 after acquiring an additional 1,031,223 shares in the last quarter. Voya Investment Management LLC grew its position in Kratos Defense & Security Solutions by 129.2% in the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock worth $64,226,000 after acquiring an additional 1,219,585 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kratos Defense & Security Solutions by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,574,099 shares of the aerospace company’s stock worth $46,735,000 after acquiring an additional 60,662 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 6,264 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $69.80, for a total transaction of $437,227.20. Following the transaction, the vice president owned 53,609 shares in the company, valued at $3,741,908.20. The trade was a 10.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $67.58, for a total transaction of $473,060.00. Following the transaction, the insider owned 346,441 shares in the company, valued at $23,412,482.78. This represents a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,276 shares of company stock valued at $6,088,481 over the last three months. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $94.63 on Friday. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 946.39 and a beta of 1.12. The company has a 50-day moving average price of $74.61 and a 200-day moving average price of $51.97. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $22.69 and a 12 month high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. Canaccord Genuity Group boosted their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada boosted their price target on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 2nd. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $72.00 to $105.00 in a research note on Wednesday. Finally, Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.