Spire Wealth Management Has $340,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Spire Wealth Management lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 1,050.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,328 shares of the aerospace company’s stock after purchasing an additional 6,691 shares during the period. Spire Wealth Management’s holdings in Kratos Defense & Security Solutions were worth $340,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $29,000. Larson Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Twin Tree Management LP acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $37,000. Banque Cantonale Vaudoise acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $38,000. Finally, NewEdge Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 515 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on KTOS shares. Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, October 2nd. Stifel Nicolaus lifted their target price on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. Finally, B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $72.00 to $105.00 in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.36.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 5,758 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.54, for a total transaction of $377,379.32. Following the completion of the transaction, the insider directly owned 9,692 shares in the company, valued at $635,213.68. This represents a 37.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $68.82, for a total transaction of $412,920.00. Following the transaction, the insider owned 258,073 shares of the company’s stock, valued at approximately $17,760,583.86. This represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 81,716 shares of company stock worth $6,406,245 over the last 90 days. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $90.60 on Monday. The company has a 50 day moving average of $82.14 and a 200-day moving average of $58.64. Kratos Defense & Security Solutions, Inc. has a 1-year low of $22.69 and a 1-year high of $112.57. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $15.29 billion, a PE ratio of 906.09 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company 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.