Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 18.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,754 shares of the aerospace company’s stock after buying an additional 6,111 shares during the quarter. Waterloo Capital L.P.’s holdings in Kratos Defense & Security Solutions were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors grew its position in Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after buying an additional 500 shares during the period. Register Financial Advisors LLC grew its position in Kratos Defense & Security Solutions by 0.4% during the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock worth $3,503,000 after buying an additional 750 shares during the period. Sequoia Financial Advisors LLC grew its position in Kratos Defense & Security Solutions by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after buying an additional 982 shares during the period. Rhumbline Advisers grew its position in Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after buying an additional 1,092 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 1,208 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KTOS shares. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. JMP Securities started coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Finally, Royal Bank of Canada upped their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 12,396 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $20.19 per share, with a total value of $250,275.24. Following the completion of the transaction, the chief executive officer now directly owns 1,058,264 shares of the company’s stock, valued at $21,366,350.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the chief financial officer now owns 298,016 shares of the company’s stock, valued at $5,960,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric M. Demarco purchased 12,396 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the acquisition, the chief executive officer now owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. The disclosure for this purchase can be found here. Insiders sold 76,210 shares of company stock valued at $1,652,702 over the last 90 days. Corporate insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $23.41 on Thursday. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.53 billion, a P/E ratio of 69.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $23.98. The firm’s 50 day moving average is $21.57 and its two-hundred day moving average is $20.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. During the same quarter last year, the firm posted $0.05 earnings per share. Kratos Defense & Security Solutions’s revenue was up 16.8% on a year-over-year basis. Analysts expect 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 operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.