Werlinich Asset Management LLC Invests $463,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Werlinich Asset Management LLC acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,095 shares of the aerospace company’s stock, valued at approximately $463,000.

A number of other hedge funds have also recently bought and sold shares of the company. Bayforest Capital Ltd acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $32,000. Caitlin John LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Whittier Trust Co. acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $38,000. Accredited Wealth Management LLC grew its position in shares of Kratos Defense & Security Solutions by 193.5% in the third 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 during the period. Finally, CI Investments Inc. grew its position in shares of Kratos Defense & Security Solutions by 142.7% in the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KTOS shares. Citizens Jmp increased 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. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 22nd. Truist Financial set a $135.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, January 9th. BTIG Research increased their price objective on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, Canaccord Genuity Group raised their target price on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. 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. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $98.28.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $92.78 on Friday. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 713.75 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 debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The stock’s 50-day moving average is $100.06 and its 200-day moving average is $87.26.

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

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,516 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $88.97, for a total value of $134,878.52. Following the transaction, the senior vice president directly owned 67,926 shares of the company’s stock, valued at $6,043,376.22. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,500 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $89.07, for a total value of $578,955.00. Following the transaction, the insider owned 234,292 shares in the company, valued at approximately $20,868,388.44. This represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 571,500 shares of company stock valued at $50,770,848. 2.37% of the stock is 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.