Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 1-Year High at $24.38

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $24.38 and last traded at $24.17, with a volume of 607356 shares changing hands. The stock had previously closed at $23.30.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KTOS. Royal Bank of Canada boosted 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 research report on Monday, June 3rd. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating on the stock. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Kratos Defense & Security Solutions Stock Up 4.9 %

The business’s fifty day simple moving average is $21.86 and its two-hundred day simple moving average is $20.39. The company has a market cap of $3.69 billion, a PE ratio of 72.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

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

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, 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 completion of the transaction, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, July 15th. The stock was sold at an average price of $21.26, for a total transaction of $74,410.00. Following the sale, the insider now directly owns 279,575 shares in the company, valued at approximately $5,943,764.50. The disclosure for this sale can be found here. Insiders have sold a total of 63,210 shares of company stock valued at $1,385,072 over the last ninety days. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. TFO Wealth Partners LLC increased its holdings 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 purchasing an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $30,000. NBC Securities Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $33,000. PNC Financial Services Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $36,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.