FengHe Fund Management Pte. Ltd. Invests $35.29 Million in Kratos Defense & Security Solutions, Inc. $KTOS

FengHe Fund Management Pte. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 464,900 shares of the aerospace company’s stock, valued at approximately $35,291,000. Kratos Defense & Security Solutions accounts for about 2.0% of FengHe Fund Management Pte. Ltd.’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC boosted its position in shares of Kratos Defense & Security Solutions by 19.4% during the fourth quarter. Wealthfront Advisers LLC now owns 5,384 shares of the aerospace company’s stock worth $409,000 after buying an additional 873 shares during the period. Torren Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $39,000. M&T Bank Corp boosted its position in shares of Kratos Defense & Security Solutions by 7.3% during the fourth quarter. M&T Bank Corp now owns 2,711 shares of the aerospace company’s stock worth $205,000 after buying an additional 185 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of Kratos Defense & Security Solutions by 4.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 29,038 shares of the aerospace company’s stock worth $2,204,000 after buying an additional 1,191 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of Kratos Defense & Security Solutions by 11.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,736 shares of the aerospace company’s stock worth $2,030,000 after buying an additional 2,823 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $74.16, for a total value of $296,640.00. Following the completion of the sale, the insider directly owned 78,051 shares of the company’s stock, valued at $5,788,262.16. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 5,417 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $75.90, for a total value of $411,150.30. Following the completion of the sale, the director directly owned 75,123 shares of the company’s stock, valued at approximately $5,701,835.70. The trade was a 6.73% 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 90 days, insiders sold 167,027 shares of company stock valued at $13,961,290. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KTOS shares. UBS Group started coverage on Kratos Defense & Security Solutions in a research report on Wednesday, February 18th. They set a “neutral” rating and a $79.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Citizens Jmp upped their target price on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Stifel Nicolaus upped their target price on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Piper Sandler started coverage on Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $98.28.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $63.16 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $32.68 and a 52-week high of $134.00. The firm has a market capitalization of $11.84 billion, a PE ratio of 485.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. The business’s 50-day simple moving average is $80.74 and its 200 day simple moving average is $85.72.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.Kratos Defense & Security Solutions’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current fiscal year.

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.