Orion Porfolio Solutions LLC Makes New Investment in Kratos Defense & Security Solutions, Inc. $KTOS

Orion Porfolio Solutions LLC bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,794 shares of the aerospace company’s stock, valued at approximately $2,905,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at about $31,000. Bayforest Capital Ltd bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at about $32,000. Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at about $32,000. Finally, Accredited Wealth Management LLC raised its holdings in Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after buying an additional 269 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Up 6.3%

Shares of Kratos Defense & Security Solutions stock opened at $92.47 on Tuesday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $25.78 and a twelve month high of $134.00. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $99.24 and its 200 day moving average is $86.23. The company has a market cap of $17.27 billion, a price-to-earnings ratio of 711.36 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BNP Paribas Exane set a $80.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. UBS Group initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 18th. They issued a “neutral” rating and a $79.00 price objective for the company. KeyCorp upped their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. JonesTrading started coverage on Kratos Defense & Security Solutions in a research note on Monday, January 5th. They set a “buy” rating on the stock. Finally, BTIG Research lifted their target price on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.28.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $85.36, for a total value of $341,440.00. Following the transaction, the insider directly owned 81,964 shares of the company’s stock, valued at approximately $6,996,447.04. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $91.28, for a total value of $456,400.00. Following the sale, the chief financial officer owned 270,058 shares of the company’s stock, valued at approximately $24,650,894.24. This represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 574,731 shares of company stock valued at $50,506,306 over the last ninety days. 2.37% of the stock is owned by insiders.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.