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

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

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

Kratos Defense & Security Solutions Stock Performance

KTOS traded up $0.95 during trading on Friday, hitting $43.11. The stock had a trading volume of 4,782,368 shares, compared to its average volume of 1,795,587. The company has a 50 day moving average price of $36.47 and a 200-day moving average price of $31.99. The firm has a market cap 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 one year low of $17.91 and a one year high of $44.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Activity

In other news, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the completion of the sale, the insider now directly owns 39,348 shares in the company, valued at approximately $1,328,388.48. This represents a 50.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $42.16, for a total value of $252,960.00. Following the sale, the insider now owns 276,085 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 151,572 shares of company stock worth $5,251,396. 2.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Benchmark raised their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Truist Financial raised their price objective on 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. Finally, Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average target price 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.