Meridian Wealth Management LLC Buys Shares of 5,250 Kratos Defense & Security Solutions, Inc. $KTOS

Meridian Wealth Management LLC acquired 5,250 shares of Kratos Defense & Security Solutions, valued at $244,000, during Q2. Other institutional investors also increased their holdings. Kratos reported Q3 earnings of $0.14 per share, beating estimates. Insiders sold shares recently, with transactions disclosed to the SEC. Analysts have set new price targets for Kratos, which has a market cap of $11.88 billion and a P/E ratio of 703.67.

Meridian Wealth Management LLC bought a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,250 shares of the aerospace company's stock, valued at approximately $244,000.

Down 25%, Is Defense Darling Kratos an Attractive Opportunity?

A number of other institutional investors and hedge funds have also modified their holdings of KTOS. Corebridge Financial Inc. raised its position in shares of Kratos Defense & Security Solutions by 5.2% during the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company's stock valued at $2,299,000 after acquiring an additional 3,860 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Kratos Defense & Security Solutions by 15.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company's stock worth $4,552,000 after purchasing an additional 13,345 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company's stock worth $209,382,000 after purchasing an additional 818,104 shares during the period. Trivium Point Advisory LLC increased its holdings in Kratos Defense & Security Solutions by 25.0% in the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company's stock valued at $1,041,000 after purchasing an additional 4,483 shares during the last quarter. Finally, Alpha Wealth Funds LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at about $227,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $70.36 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $112.57. The company's 50 day moving average price is $84.84 and its two-hundred day moving average price is $62.33. The company has a market capitalization of $11.88 billion, a P/E ratio of 703.67 and a beta of 1.11.

The Drone Arms Race: From Battlefield to Balance Sheet

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm's revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $73.64, for a total value of $294,560.00. Following the sale, the insider owned 89,809 shares of the company's stock, valued at approximately $6,613,534.76. This trade represents a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $91.25, for a total value of $638,750.00. Following the transaction, the insider directly owned 332,421 shares of the company's stock, valued at approximately $30,333,416.25. This trade represents a 2.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 77,716 shares of company stock worth $6,283,225. 2.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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A number of equities analysts have issued reports on the company. Canaccord Genuity Group raised their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Noble Financial reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Citigroup reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. Royal Bank Of Canada increased their target price on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, B. Riley lowered shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and boosted their price target for the company from $72.00 to $105.00 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $82.20.

Read Our Latest Stock Analysis on Kratos Defense & Security Solutions

Kratos Defense & Security Solutions Company Profile

(Free Report)

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.

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