4,100 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Bought by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,100 shares of the aerospace company’s stock, valued at approximately $82,000.

Several other hedge funds have also modified their holdings of the stock. First Eagle Investment Management LLC raised its holdings in Kratos Defense & Security Solutions by 7.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 382,663 shares of the aerospace company’s stock worth $7,657,000 after buying an additional 26,500 shares during the period. Seven Eight Capital LP purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter worth approximately $469,000. Waterloo Capital L.P. raised its holdings in shares of Kratos Defense & Security Solutions by 18.7% during the second quarter. Waterloo Capital L.P. now owns 38,754 shares of the aerospace company’s stock valued at $775,000 after acquiring an additional 6,111 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after acquiring an additional 136,696 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Kratos Defense & Security Solutions by 5.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 163,569 shares of the aerospace company’s stock worth $3,273,000 after purchasing an additional 8,292 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Up 4.4 %

Shares of Kratos Defense & Security Solutions stock opened at $23.41 on Thursday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 69.22 and a beta of 1.02. The stock has a 50-day simple moving average of $21.57 and a 200-day simple moving average of $20.08. Kratos Defense & Security Solutions, Inc. has a 52-week low of $13.98 and a 52-week high of $23.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

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 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 previous year, the firm posted $0.05 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KTOS shares. BTIG Research began coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Royal Bank of Canada lifted their target price on 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. JPMorgan Chase & Co. upped their target price on 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, JMP Securities initiated 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. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business’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 completion of the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the transaction, the insider now directly owns 272,570 shares in the company, valued at approximately $6,034,699.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total transaction of $27,194.85. Following the transaction, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,210 shares of company stock worth $1,652,702. Corporate insiders own 2.27% of the company’s stock.

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.