Oppenheimer & Co. Inc. Has $3.27 Million Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Oppenheimer & Co. Inc. grew its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,569 shares of the aerospace company’s stock after purchasing an additional 8,292 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.11% of Kratos Defense & Security Solutions worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Westwood Holdings Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $46,177,000. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC grew its position in Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares in the last quarter. Element Capital Management LLC bought a new stake in Kratos Defense & Security Solutions in the 1st quarter worth about $11,198,000. Finally, Bamco Inc. NY grew its position in Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $22.49 on Monday. The stock has a market capitalization of $3.38 billion, a P/E ratio of 68.69 and a beta of 1.02. 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 firm’s 50 day moving average is $21.45 and its 200 day moving average is $20.00. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $23.23.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (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 analysts’ expectations of $276.08 million. During the same period in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the sale, the chief financial officer now directly owns 285,905 shares in the company, valued at approximately $6,407,131.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total transaction of $134,460.00. Following the sale, the chief financial officer now owns 285,905 shares in the company, valued at approximately $6,407,131.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were 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 approximately $8,101,934.40. The disclosure for this sale can be found here. Insiders have sold 71,355 shares of company stock worth $1,545,240 in the last three months. 2.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.