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

ORG Wealth Partners LLC acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,584 shares of the aerospace company's stock, valued at approximately $1,306,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in Kratos Defense & Security Solutions by 17.5% in the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock valued at $7,808,000 after acquiring an additional 44,048 shares during the period. Veracity Capital LLC acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $471,000. Robertson Stephens Wealth Management LLC grew 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 period. Moran Wealth Management LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $447,000. Finally, Meitav Investment House Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $390,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded up $0.95 during mid-day trading on Friday, hitting $43.11. The company had a trading volume of 4,782,368 shares, compared to its average volume of 1,804,120. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 331.64 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $44.13. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average price is $36.47 and its 200-day moving average price is $31.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced 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 return on equity of 3.85% and a net margin of 1.68%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction dated Monday, March 31st. The stock was 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 directly owns 404,133 shares in the company, valued at $11,901,716.85. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 2,419 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.87, for a total value of $101,283.53. Following the transaction, the senior vice president now owns 67,488 shares of the company's stock, valued at approximately $2,825,722.56. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,572 shares of company stock worth $5,251,396. 2.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KTOS. Royal Bank Of Canada raised their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a report on Monday. Noble Financial raised their target price on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday. Benchmark raised their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.78.

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.