ORG Wealth Partners LLC Makes New $1.31 Million Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ORG Wealth Partners LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 44,584 shares of the aerospace company’s stock, valued at approximately $1,306,000.

A number of other institutional investors also recently modified their holdings of KTOS. MassMutual Private Wealth & Trust FSB raised its stake in shares of Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock worth $31,000 after buying an additional 700 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $53,000. SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $55,000. Finally, MRP Capital Investments LLC raised its stake in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $29.45, for a total transaction of $206,150.00. Following the completion of the transaction, the insider now owns 404,133 shares in the company, valued at approximately $11,901,716.85. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now owns 331,271 shares of the company’s stock, valued at $9,699,614.88. The trade was a 1.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,572 shares of company stock worth $5,251,396. 2.37% of the stock is owned by insiders.

Analyst Ratings Changes

KTOS has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a report on Monday. Finally, Benchmark boosted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $38.78.

Kratos Defense & Security Solutions Stock Down 2.5%

Kratos Defense & Security Solutions stock opened at $42.16 on Thursday. The stock has a market capitalization of $6.47 billion, a PE ratio of 324.33 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $44.13. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $36.06 and a 200-day moving average of $31.71.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.