Yousif Capital Management LLC Invests $1.33 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,735 shares of the aerospace company's stock, valued at approximately $1,328,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KTOS. Rovida Investment Management Ltd bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $46,789,000. Raymond James Financial Inc. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $28,944,000. Lord Abbett & CO. LLC lifted its holdings in shares of 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 worth $42,201,000 after acquiring an additional 934,455 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of 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 worth $24,893,000 after acquiring an additional 767,345 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of 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 worth $388,301,000 after acquiring an additional 701,216 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KTOS shares. Benchmark increased their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Noble Financial raised their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $38.78.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the sale, the chief financial officer now directly owns 331,271 shares in the company, valued at $9,699,614.88. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric M. Demarco bought 7,455 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $33.59 per share, for a total transaction 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 disclosure for this purchase can be found here. In the last three months, insiders have sold 151,572 shares of company stock worth $5,251,396. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Up 2.3%

NASDAQ:KTOS traded up $0.95 during trading hours on Friday, hitting $43.11. 4,782,368 shares of the company traded hands, compared to its average volume of 1,795,587. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The firm's 50-day simple moving average is $36.47 and its 200-day simple moving average is $31.96. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $44.13. The company has a market cap of $6.61 billion, a PE ratio of 331.64 and a beta of 0.99.

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