44,735 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 44,735 shares of the aerospace company's stock, valued at approximately $1,328,000.

A number of other hedge funds also recently bought and sold shares of KTOS. Rovida Investment Management Ltd bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $46,789,000. Raymond James Financial Inc. bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $28,944,000. Lord Abbett & CO. LLC lifted its position in Kratos Defense & Security Solutions by 140.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock valued at $42,201,000 after purchasing an additional 934,455 shares during the last quarter. Voya Investment Management LLC lifted its position in Kratos Defense & Security Solutions by 435.3% in the fourth quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock valued at $24,893,000 after purchasing an additional 767,345 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after purchasing an additional 701,216 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Insider Buying and Selling

In other news, CEO Eric M. Demarco purchased 7,455 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $33.59 per share, with a total value of $250,413.45. Following the completion of the purchase, the chief executive officer now directly owns 1,396,237 shares in the company, valued at approximately $46,899,600.83. This trade represents a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bobbi Doorenbos sold 5,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $175,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,153 shares of company stock valued at $4,897,153 over the last ninety days. Company insiders own 2.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Royal Bank Of Canada boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Noble Financial boosted their price objective on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.78.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $43.23 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $43.87. The stock has a market capitalization of $6.63 billion, a PE ratio of 332.56 and a beta of 0.99. The stock's 50 day moving average price is $35.86 and its 200-day moving average price is $31.64.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business's revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

About Kratos Defense & Security Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.