Eos Management L.P. Invests $749,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Eos Management L.P. purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,202 shares of the aerospace company’s stock, valued at approximately $749,000.

Several other hedge funds also recently made changes to their positions in the business. Amalgamated Bank boosted its holdings in shares of Kratos Defense & Security Solutions by 57.7% in the 3rd quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock worth $6,732,000 after purchasing an additional 26,946 shares in the last quarter. Baillie Gifford & Co. bought a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $19,048,000. ARK Investment Management LLC boosted its stake in Kratos Defense & Security Solutions by 22.2% in 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 in the last quarter. Trivium Point Advisory LLC grew its position in 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 valued at $1,041,000 after acquiring an additional 4,483 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in Kratos Defense & Security Solutions by 59.4% during the third quarter. New York State Teachers Retirement System now owns 108,525 shares of the aerospace company’s stock valued at $9,916,000 after acquiring an additional 40,440 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KTOS shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. KeyCorp raised their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Citizens Jmp lifted their price objective on 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. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, January 12th. Finally, Stifel Nicolaus lifted their price target on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.28.

Kratos Defense & Security Solutions Stock Down 4.6%

Shares of Kratos Defense & Security Solutions stock opened at $112.67 on Thursday. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $134.00. The company has a market cap of $19.02 billion, a P/E ratio of 866.76 and a beta of 1.09. The company’s fifty day simple moving average is $89.42 and its two-hundred day simple moving average is $79.73.

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

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $107.97, for a total value of $755,790.00. Following the sale, the insider owned 341,631 shares in the company, valued at approximately $36,885,899.07. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $123.30, for a total value of $801,450.00. Following the completion of the sale, the insider directly owned 219,741 shares of the company’s stock, valued at $27,094,065.30. The trade was a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 911,815 shares of company stock valued at $74,343,531. 2.37% of the stock is currently owned by corporate insiders.

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.