Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 12-Month High - Still a Buy?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.16 and last traded at $30.74, with a volume of 1028241 shares. The stock had previously closed at $29.37.

Analysts Set New Price Targets

A number of analysts recently issued reports on KTOS shares. Jefferies Financial Group increased their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the stock from $26.00 to $35.00 in a research report on Monday. Finally, JMP Securities raised their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a "market outperform" rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $28.30.

Kratos Defense & Security Solutions Trading Up 3.9 %

The business's 50-day simple moving average is $27.14 and its two-hundred day simple moving average is $24.08. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.14 billion, a PE ratio of 340.53 and a beta of 1.07.

Insider Buying and Selling

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now directly owns 51,121 shares of the company's stock, valued at $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.01, for a total transaction of $168,070.00. Following the transaction, the insider now owns 356,414 shares in the company, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,928 shares of company stock worth $2,611,696. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after buying an additional 920 shares during the last quarter. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 444 shares in the last quarter. Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions during the third quarter worth $39,000. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions in the second quarter worth $36,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the third quarter valued at $53,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

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.