Mutual of America Capital Management LLC Has $7.12 Million Stock Position in Kratos Defense & Security Solutions, Inc. $KTOS

Mutual of America Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 264.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,953 shares of the aerospace company’s stock after purchasing an additional 56,573 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kratos Defense & Security Solutions were worth $7,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KTOS. CWM LLC increased its position in Kratos Defense & Security Solutions by 3.8% during the second quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock worth $219,000 after buying an additional 171 shares during the last quarter. Red Mountain Financial LLC boosted its stake in shares of Kratos Defense & Security Solutions by 1.9% during the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 200 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 200 shares during the last quarter. USA Financial Formulas raised its stake in shares of Kratos Defense & Security Solutions by 15.7% in the 3rd quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 225 shares in the last quarter. Finally, MRP Capital Investments LLC raised its stake in shares of Kratos Defense & Security Solutions by 11.1% in the 2nd quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

KTOS has been the subject of a number of recent analyst reports. Truist Financial set a $135.00 target price on Kratos Defense & Security Solutions in a research report on Friday, January 9th. Citizens Jmp upped their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Canaccord Genuity Group lifted their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. B. Riley boosted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.06.

Kratos Defense & Security Solutions Stock Up 6.1%

KTOS stock opened at $118.06 on Wednesday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $23.90 and a twelve month high of $134.00. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The company has a market cap of $19.93 billion, a PE ratio of 908.22 and a beta of 1.09. The business’s 50-day simple moving average is $88.58 and its 200 day simple moving average is $79.50.

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

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 16,568 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, January 12th. The shares were sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the sale, the insider owned 26,487 shares in the company, valued at $3,092,092.38. The trade was a 38.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric M. Demarco sold 200,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $74.09, for a total transaction of $14,818,000.00. Following the completion of the sale, the chief executive officer directly owned 1,196,237 shares in the company, valued at $88,629,199.33. This trade represents a 14.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 904,815 shares of company stock valued at $73,587,741 over the last 90 days. Corporate insiders own 2.37% of the company’s stock.

About Kratos Defense & Security Solutions

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.