Teachers Retirement System of The State of Kentucky Purchases 8,415 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Teachers Retirement System of The State of Kentucky lifted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 19.3% in the third quarter, Holdings Channel.com reports. The firm owned 52,112 shares of the aerospace company’s stock after purchasing an additional 8,415 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Kratos Defense & Security Solutions were worth $4,762,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KTOS. TD Waterhouse Canada Inc. purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth approximately $30,000. Rakuten Securities Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $31,000. Bayforest Capital Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $32,000. Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $32,000. Finally, Accredited Wealth Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 269 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 8,123 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $105.40, for a total value of $856,164.20. Following the completion of the transaction, the insider owned 81,816 shares in the company, valued at approximately $8,623,406.40. This represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacey G. Rock sold 16,568 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $116.74, for a total value of $1,934,148.32. Following the transaction, the insider directly owned 26,487 shares of the company’s stock, valued at $3,092,092.38. This represents a 38.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 568,665 shares of company stock worth $49,936,318 over the last quarter. Company insiders own 2.37% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of a number of analyst reports. Citizens Jmp lifted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. BTIG Research raised their price objective on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. JonesTrading started coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They issued a “buy” rating on the stock. UBS Group started coverage on Kratos Defense & Security Solutions in a research note on Wednesday, February 18th. They issued a “neutral” rating and a $79.00 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $89.13 on Thursday. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 685.67 and a beta of 1.12. The stock has a fifty day moving average of $98.63 and a 200 day moving average of $85.60. Kratos Defense & Security Solutions, Inc. has a 52 week low of $25.78 and a 52 week high of $134.00. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $345.10 million during the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Kratos Defense & Security Solutions 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.