Allspring Global Investments Holdings LLC Purchases 92,102 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Allspring Global Investments Holdings LLC lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 19.0% in the first quarter, Holdings Channel reports. The institutional investor owned 575,823 shares of the aerospace company’s stock after acquiring an additional 92,102 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Kratos Defense & Security Solutions were worth $38,983,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Mcguire Capital Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter worth about $25,000. Atlantic Union Bankshares Corp grew its position in shares of Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its position in shares of Kratos Defense & Security Solutions by 115.4% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 225 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $37,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $38,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $46.03 on Monday. The stock has a 50-day moving average price of $54.26 and a two-hundred day moving average price of $75.74. Kratos Defense & Security Solutions, Inc. has a 12 month low of $45.58 and a 12 month high of $134.00. The company has a market capitalization of $8.63 billion, a PE ratio of 270.76 and a beta of 1.07. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $50.45, for a total value of $201,800.00. Following the sale, the insider owned 66,238 shares in the company, valued at approximately $3,341,707.10. The trade was a 5.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $48.37, for a total value of $338,590.00. Following the completion of the sale, the insider owned 302,126 shares in the company, valued at $14,613,834.62. This trade represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,036 shares of company stock valued at $8,455,857 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KTOS. BNP Paribas Exane upped their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. BTIG Research decreased their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Citizens Jmp dropped their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $99.00 to $82.00 in a research report on Friday, June 12th. Finally, UBS Group reiterated a “neutral” rating and set a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.29.

About Kratos Defense & Security Solutions

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.