Kratos Defense & Security Solutions, Inc. $KTOS Shares Acquired by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC boosted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 33.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,350 shares of the aerospace company’s stock after acquiring an additional 52,350 shares during the period. Kratos Defense & Security Solutions accounts for about 1.3% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 18th largest holding. Zweig DiMenna Associates LLC owned approximately 0.12% of Kratos Defense & Security Solutions worth $19,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Amalgamated Bank grew its holdings in shares of Kratos Defense & Security Solutions by 57.7% in the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock valued at $6,732,000 after purchasing an additional 26,946 shares in the last quarter. Mission Wealth Management LP purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $1,828,000. Baillie Gifford & Co. acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $19,048,000. ARK Investment Management LLC increased its position 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 acquiring an additional 818,104 shares during the period. Finally, WCM Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at $17,922,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 30,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $74.08, for a total value of $2,222,400.00. Following the transaction, the chief financial officer owned 273,285 shares in the company, valued at $20,244,952.80. The trade was a 9.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eric M. Demarco sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.09, for a total value of $14,818,000.00. Following the sale, the chief executive officer directly owned 1,196,237 shares of the company’s stock, valued at approximately $88,629,199.33. This represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 914,407 shares of company stock worth $74,930,858 in the last three months. Company insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $89.06 on Tuesday. The company’s 50 day simple moving average is $94.73 and its 200-day simple moving average is $83.30. The firm has a market cap of $15.17 billion, a PE ratio of 685.13 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $134.00. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, January 12th. Stifel Nicolaus increased their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their price target on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.28.

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.