Diametric Capital LP Takes Position in Kratos Defense & Security Solutions, Inc. $KTOS

Diametric Capital LP acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,694 shares of the aerospace company’s stock, valued at approximately $683,000.

A number of other institutional investors have also recently added to or reduced their stakes in KTOS. Natixis Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 144.1% during the 1st quarter. Natixis Advisors LLC now owns 45,827 shares of the aerospace company’s stock worth $1,361,000 after purchasing an additional 27,055 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 448.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,352 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 7,647 shares during the last quarter. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth $29,000. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after buying an additional 1,728,179 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Kratos Defense & Security Solutions by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,574,099 shares of the aerospace company’s stock worth $46,735,000 after buying an additional 60,662 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTOS has been the subject of several recent analyst reports. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $105.00 in a research note on Wednesday, October 8th. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. Raymond James Financial reissued a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. Finally, BNP Paribas set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.06.

Insider Transactions at Kratos Defense & Security Solutions

In related news, Director William A. Hoglund sold 75,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.35, for a total value of $5,576,250.00. Following the completion of the transaction, the director directly owned 147,193 shares in the company, valued at approximately $10,943,799.55. This represents a 33.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonah Adelman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total value of $2,244,000.00. Following the completion of the transaction, the insider directly owned 9,348 shares of the company’s stock, valued at approximately $699,230.40. This trade represents a 76.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 448,866 shares of company stock worth $33,858,748. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $77.68 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The company has a market cap of $13.12 billion, a PE ratio of 597.58 and a beta of 1.14. The firm has a fifty day moving average price of $84.08 and a two-hundred day moving average price of $65.15. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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 for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue was up 26.0% compared to the same quarter last year. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Kratos Defense & Security Solutions Company Profile

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.