Williamson Legacy Group LLC Invests $890,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Williamson Legacy Group LLC acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,730 shares of the aerospace company’s stock, valued at approximately $890,000.

Several other institutional investors have also recently modified their holdings of the company. Mission Wealth Management LP purchased a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $1,828,000. M&T Bank Corp raised its position in Kratos Defense & Security Solutions by 6,900.4% during the fourth quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock valued at $13,423,000 after acquiring an additional 174,305 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $21,013,000. JPMorgan Chase & Co. raised its position in Kratos Defense & Security Solutions by 93.0% during the third quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock valued at $88,170,000 after acquiring an additional 465,100 shares in the last quarter. Finally, Barclays PLC raised its position in Kratos Defense & Security Solutions by 16.3% during the third quarter. Barclays PLC now owns 413,514 shares of the aerospace company’s stock valued at $37,783,000 after acquiring an additional 57,906 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $56.80 on Wednesday. The firm has a market cap of $10.65 billion, a PE ratio of 334.12 and a beta of 1.06. The firm has a fifty day moving average of $67.74 and a 200 day moving average of $81.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. Kratos Defense & Security Solutions, Inc. has a one year low of $35.88 and a one year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Jefferies Financial Group set a $80.00 price target on Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Cantor Fitzgerald reiterated 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. KeyCorp lifted their price target on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Finally, Piper Sandler reduced their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.28.

Insider Transactions at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $62.10, for a total value of $310,500.00. Following the sale, the chief financial officer directly owned 295,200 shares of the company’s stock, valued at $18,331,920. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $52.13, for a total value of $338,845.00. Following the completion of the sale, the insider directly owned 221,550 shares in the company, valued at $11,549,401.50. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 163,540 shares of company stock valued at $12,490,285. Insiders own 1.50% of the company’s stock.

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.