12,485 Shares in Kratos Defense & Security Solutions, Inc. $KTOS Acquired by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,485 shares of the aerospace company’s stock, valued at approximately $1,141,000.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in shares of Kratos Defense & Security Solutions by 15.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock worth $4,552,000 after purchasing an additional 13,345 shares in the last quarter. Corebridge Financial Inc. grew its stake in Kratos Defense & Security Solutions by 5.2% during the first quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock worth $2,299,000 after buying an additional 3,860 shares during the last quarter. ARK Investment Management LLC grew its stake in Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after buying an additional 818,104 shares during the last quarter. Trivium Point Advisory LLC increased its holdings in shares of Kratos Defense & Security Solutions by 25.0% during the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock worth $1,041,000 after buying an additional 4,483 shares in the last quarter. Finally, Alpha Wealth Funds LLC bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $227,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 3.3%

NASDAQ:KTOS opened at $79.62 on Friday. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 612.51 and a beta of 1.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The stock’s fifty day moving average price is $78.59 and its two-hundred day moving average price is $69.25. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The company had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KTOS shares. Citigroup reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, October 2nd. BNP Paribas Exane assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 price objective for the company. Robert W. Baird boosted their price objective on 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. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Finally, BNP Paribas set a $80.00 price target on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Insider Activity

In other Kratos Defense & Security Solutions news, Director Scott I. Anderson sold 15,401 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $74.51, for a total transaction of $1,147,528.51. Following the transaction, the director directly owned 66,334 shares in the company, valued at approximately $4,942,546.34. This represents a 18.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric M. Demarco sold 200,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $80.53, for a total transaction of $16,106,000.00. Following the completion of the transaction, the chief executive officer directly owned 796,237 shares in the company, valued at $64,120,965.61. This trade represents a 20.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 672,711 shares of company stock worth $51,836,005. Corporate insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Company 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.