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

ORG Partners LLC increased its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 184,833.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,740 shares of the aerospace company’s stock after acquiring an additional 27,725 shares during the quarter. ORG Partners LLC’s holdings in Kratos Defense & Security Solutions were worth $548,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Register Financial Advisors LLC increased 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 acquiring an additional 750 shares during the period. Sequoia Financial Advisors LLC grew 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 worth $1,177,000 after buying an additional 982 shares in the last quarter. LGL Partners LLC grew 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 worth $1,035,000 after buying an additional 999 shares in the last quarter. TFO Wealth Partners LLC grew 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 worth $25,000 after buying an additional 1,208 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew 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 worth $36,000 after buying an additional 1,226 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Trading Up 1.8 %

NASDAQ:KTOS traded up $0.35 during mid-day trading on Thursday, hitting $20.19. 135,190 shares of the company’s stock were exchanged, compared to its average volume of 1,174,760. The company has a 50 day simple moving average of $20.75 and a 200-day simple moving average of $19.49. 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, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $22.96. The firm has a market capitalization of $3.03 billion, a P/E ratio of 61.64 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate 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 business had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $22.54, for a total transaction of $135,240.00. Following the sale, the chief financial officer now directly owns 291,898 shares in the company, valued at approximately $6,579,380.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $22.54, for a total transaction of $135,240.00. Following the sale, the chief financial officer now directly owns 291,898 shares in the company, valued at approximately $6,579,380.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $21.09, for a total transaction of $147,630.00. Following the sale, the insider now owns 384,160 shares in the company, valued at $8,101,934.40. The disclosure for this sale can be found here. Insiders have sold a total of 170,220 shares of company stock worth $3,676,291 in the last ninety days. Company insiders own 2.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KTOS. JMP Securities began coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price objective on the stock. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Royal Bank of Canada raised 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 research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. raised 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 research note on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Kratos Defense & Security Solutions 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.