Delphi Financial Group Inc. Makes New $4.02 Million Investment in Kratos Defense & Security Solutions, Inc. $KTOS

Delphi Financial Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 44,030 shares of the aerospace company’s stock, valued at approximately $4,023,000. Kratos Defense & Security Solutions comprises about 2.3% of Delphi Financial Group Inc.’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Kratos Defense & Security Solutions during the third quarter valued at about $20,584,000. Comerica Bank raised its position in Kratos Defense & Security Solutions by 131.4% in the third quarter. Comerica Bank now owns 258,911 shares of the aerospace company’s stock worth $23,657,000 after acquiring an additional 147,031 shares during the period. Pinnbrook Capital Management LP bought a new stake in Kratos Defense & Security Solutions in the third quarter worth about $3,004,000. Chesapeake Capital Corp IL purchased a new position in Kratos Defense & Security Solutions in the third quarter valued at about $1,660,000. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $361,000. 75.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Eric M. Demarco sold 200,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $80.53, for a total transaction of $16,106,000.00. Following the sale, the chief executive officer directly owned 796,237 shares in the company, valued at approximately $64,120,965.61. The trade was a 20.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stacey G. Rock sold 16,568 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $116.74, for a total value of $1,934,148.32. Following the sale, the insider directly owned 26,487 shares in the company, valued at $3,092,092.38. This trade represents a 38.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 579,731 shares of company stock valued at $50,949,306 in the last 90 days. Corporate insiders own 2.37% of the company’s stock.

Analyst Upgrades and Downgrades

KTOS has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group increased their price objective on Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Citizens Jmp raised their target price on 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. BNP Paribas Exane set a $80.00 target price on Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 20th. One research 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $98.28.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $87.53 on Friday. The firm’s 50 day moving average is $100.19 and its 200 day moving average is $86.57. The stock has a market capitalization of $16.35 billion, a P/E ratio of 673.36 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00. The company has a current ratio of 4.06, a quick ratio of 3.46 and a debt-to-equity ratio of 0.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The business had revenue of $345.10 million during the quarter, compared to analyst estimates of $327.51 million. During the same period in the previous year, the business earned $0.13 EPS. Kratos Defense & Security Solutions’s revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts anticipate 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.