Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 52-Week High at $22.84

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.84 and last traded at $22.73, with a volume of 569062 shares. The stock had previously closed at $21.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KTOS shares. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. JMP Securities started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. Finally, Jefferies Financial Group dropped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Kratos Defense & Security Solutions Stock Performance

The company’s fifty day simple moving average is $20.94 and its two-hundred day simple moving average is $19.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 86.69 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The business had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. During the same period in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Scott I. Anderson sold 11,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $21.78, for a total value of $239,580.00. Following the sale, the director now directly owns 90,735 shares in the company, valued at approximately $1,976,208.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Scott I. Anderson sold 11,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $21.78, for a total value of $239,580.00. Following the sale, the director now directly owns 90,735 shares in the company, valued at approximately $1,976,208.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $18.76, for a total transaction of $131,320.00. Following the completion of the sale, the insider now owns 423,098 shares in the company, valued at $7,937,318.48. The disclosure for this sale can be found here. In the last three months, insiders sold 175,220 shares of company stock valued at $3,734,576. Company insiders own 2.27% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. TFO Wealth Partners LLC raised its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $30,000. PNC Financial Services Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 222.5% in the 4th 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. NBC Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $33,000. Finally, Headlands Technologies LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $47,000. 75.92% of the stock is currently owned by 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.