Diametric Capital LP Invests $683,000 in Kratos Defense & Security Solutions, Inc. $KTOS

Diametric Capital LP acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,694 shares of the aerospace company’s stock, valued at approximately $683,000.

Several other large investors have also bought and sold shares of the company. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth about $29,000. TD Waterhouse Canada Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $30,000. Twin Tree Management LP bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $37,000. NewEdge Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 515 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 129.0% during the second quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $77.68 on Friday. The firm has a market capitalization of $13.12 billion, a P/E ratio of 597.58 and a beta of 1.14. The stock has a fifty day moving average of $84.08 and a 200-day moving average of $65.15. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amy Zegart sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.17, for a total transaction of $741,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Deanna H. Lund sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.08, for a total transaction of $2,222,400.00. Following the transaction, the chief financial officer directly owned 273,285 shares in the company, valued at $20,244,952.80. The trade was a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 448,866 shares of company stock worth $33,858,748 over the last ninety days. 2.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. BNP Paribas set a $80.00 price target on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada lifted their price target on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.06.

Kratos Defense & Security Solutions 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.