Kratos Defense & Security Solutions (NASDAQ:KTOS) Reaches New 1-Year High Following Analyst Upgrade

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) hit a new 52-week high during trading on Monday after JMP Securities raised their price target on the stock from $27.00 to $30.00. JMP Securities currently has a market outperform rating on the stock. Kratos Defense & Security Solutions traded as high as $26.40 and last traded at $26.40, with a volume of 12726 shares trading hands. The stock had previously closed at $25.97.

KTOS has been the topic of several other reports. Truist Financial restated a "buy" rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and lifted their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reiterated a "buy" rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $25.40.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 12,396 shares of the company's stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $20.19 per share, with a total value of $250,275.24. Following the purchase, the chief executive officer now directly owns 1,058,264 shares of the company's stock, valued at approximately $21,366,350.16. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $137,760.00. Following the completion of the transaction, the chief financial officer now directly owns 273,881 shares of the company's stock, valued at approximately $6,288,307.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric M. Demarco purchased 12,396 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now owns 1,058,264 shares in the company, valued at $21,366,350.16. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 76,091 shares of company stock valued at $1,739,101 in the last three months. Corporate insiders own 2.27% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in KTOS. Westwood Holdings Group Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $46,177,000. Vanguard Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock valued at $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in Kratos Defense & Security Solutions by 108.7% during the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company's stock valued at $46,994,000 after buying an additional 1,331,499 shares in the last quarter. Element Capital Management LLC bought a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at about $11,198,000. Finally, Bamco Inc. NY lifted its holdings in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company's stock valued at $80,396,000 after buying an additional 511,538 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The firm has a market cap of $4.09 billion, a P/E ratio of 270.83 and a beta of 1.02. The firm's fifty day moving average price is $23.63 and its 200 day moving average price is $21.74.

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.