Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by ORG Partners LLC

ORG Partners LLC lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 16.6% during the third quarter, HoldingsChannel reports. The fund owned 32,354 shares of the aerospace company’s stock after acquiring an additional 4,614 shares during the quarter. ORG Partners LLC’s holdings in Kratos Defense & Security Solutions were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares in the last quarter. Bamco Inc. NY boosted its holdings in Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after buying an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after buying an additional 136,696 shares during the period. Hood River Capital Management LLC increased its holdings in Kratos Defense & Security Solutions by 5.5% in the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after buying an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after acquiring an additional 19,104 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KTOS shares. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial restated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the transaction, the chief financial officer now directly owns 279,775 shares of the company’s stock, valued at approximately $6,625,072. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,133 shares of company stock valued at $1,676,907 over the last quarter. Company insiders own 2.27% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $25.35 on Tuesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 362.14 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.36 and a 12-month high of $25.51. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average is $22.45 and its two-hundred day moving average is $20.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. Kratos Defense & Security Solutions’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Research 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 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.