ORG Partners LLC Acquires 27,725 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ORG Partners LLC increased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 184,833.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,740 shares of the aerospace company's stock after buying an additional 27,725 shares during the period. ORG Partners LLC's holdings in Kratos Defense & Security Solutions were worth $548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC increased its stake 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 valued at $3,503,000 after purchasing an additional 750 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake 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 valued at $1,177,000 after purchasing an additional 982 shares during the last quarter. LGL Partners LLC increased its stake in Kratos Defense & Security Solutions by 2.0% during the fourth quarter. LGL Partners LLC now owns 51,000 shares of the aerospace company's stock valued at $1,035,000 after purchasing an additional 999 shares during the last quarter. TFO Wealth Partners LLC increased its stake in Kratos Defense & Security Solutions by 120,800.0% during 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 during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company's stock valued at $36,000 after purchasing an additional 1,226 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded up $0.40 during trading on Thursday, hitting $20.24. The company had a trading volume of 706,032 shares, compared to its average volume of 1,178,442. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 61.64 and a beta of 1.05. The business has a 50 day moving average of $20.75 and a 200 day moving average of $19.49. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $22.96. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $276.08 million. During the same period in the prior year, the company earned $0.05 EPS. Kratos Defense & Security Solutions's revenue was up 16.8% on a year-over-year basis. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, May 28th. JMP Securities began coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a "market outperform" rating and a $27.00 price target for the company. Raymond James raised shares of Kratos Defense & Security Solutions from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $20.00 to $27.00 in a report on Friday, April 26th. BTIG Research began coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a "neutral" rating for the company. Finally, Royal Bank of Canada boosted 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 equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, Director Bradley L. Boyd sold 1,720 shares of the company's stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $21.64, for a total value of $37,220.80. Following the completion of the sale, the director now directly owns 3,280 shares of the company's stock, valued at approximately $70,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kratos Defense & Security Solutions news, Director Bradley L. Boyd sold 1,720 shares of the business's stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $21.64, for a total transaction of $37,220.80. Following the sale, the director now owns 3,280 shares in the company, valued at approximately $70,979.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $21.97, for a total value of $153,790.00. Following the sale, the insider now owns 391,160 shares in the company, valued at approximately $8,593,785.20. The disclosure for this sale can be found here. In the last three months, insiders sold 170,220 shares of company stock valued at $3,676,291. 2.27% of the stock is owned by insiders.

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.