Kratos Defense & Security Solutions (NASDAQ:KTOS) Hits New 1-Year High at $24.08

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) hit a new 52-week high during trading on Thursday . The company traded as high as $24.08 and last traded at $23.41, with a volume of 14534 shares changing hands. The stock had previously closed at $23.41.

Analysts Set New Price Targets

KTOS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Royal Bank of Canada lifted their target price on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating for the company. Finally, JMP Securities initiated coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Kratos Defense & Security Solutions Trading Up 0.5 %

The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 70.09 and a beta of 1.02. The business has a 50-day moving average of $21.64 and a two-hundred day moving average of $20.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. Kratos Defense & Security Solutions’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.14, for a total transaction of $77,490.00. Following the completion of the transaction, the insider now owns 272,570 shares in the company, valued at $6,034,699.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.14, for a total value of $77,490.00. Following the sale, the insider now directly owns 272,570 shares in the company, valued at $6,034,699.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the transaction, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The disclosure for this sale can be found here. Insiders have sold a total of 76,210 shares of company stock valued at $1,652,702 over the last quarter. 2.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth about $30,000. PNC Financial Services Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $36,000. Finally, NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions in the 1st quarter worth approximately $33,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.