ORG Wealth Partners LLC Purchases Shares of 44,584 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ORG Wealth Partners LLC purchased a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the first quarter, HoldingsChannel reports. The institutional investor purchased 44,584 shares of the aerospace company’s stock, valued at approximately $1,306,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Lumbard & Kellner LLC lifted its stake in Kratos Defense & Security Solutions by 5.9% in the first quarter. Lumbard & Kellner LLC now owns 106,756 shares of the aerospace company’s stock valued at $3,170,000 after acquiring an additional 5,987 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $2,514,000. Robertson Stephens Wealth Management LLC lifted its stake in Kratos Defense & Security Solutions by 27.4% in the first quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company’s stock valued at $1,149,000 after acquiring an additional 8,319 shares during the last quarter. Bouvel Investment Partners LLC lifted its stake in Kratos Defense & Security Solutions by 2.3% in the first quarter. Bouvel Investment Partners LLC now owns 88,616 shares of the aerospace company’s stock valued at $2,631,000 after acquiring an additional 2,007 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at $594,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Benchmark increased their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Truist Financial increased 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 research report on Thursday, April 17th. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased 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 research report on Monday. Finally, Royal Bank Of Canada increased 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 research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.78.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $42.16 on Thursday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $44.13. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 324.33 and a beta of 0.99. The firm’s 50-day simple moving average is $36.06 and its 200 day simple moving average is $31.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same period last year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,419 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $41.87, for a total transaction of $101,283.53. Following the sale, the senior vice president now directly owns 67,488 shares in the company, valued at $2,825,722.56. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $42.16, for a total transaction of $252,960.00. Following the sale, the insider now owns 276,085 shares in the company, valued at $11,639,743.60. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,572 shares of company stock valued at $5,251,396. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions 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.