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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) shares reached a new 52-week high on Monday after Jefferies Financial Group raised their price target on the stock from $25.00 to $30.00. Jefferies Financial Group currently has a hold rating on the stock. Kratos Defense & Security Solutions traded as high as $28.76 and last traded at $28.76, with a volume of 83675 shares changing hands. The stock had previously closed at $26.84.

A number of other brokerages have also recently commented on KTOS. Truist Financial reissued a "buy" rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. B. Riley lowered shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and upped their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus price target of $26.40.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 5,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total transaction of $138,550.00. Following the sale, the senior vice president now directly owns 37,327 shares of the company's stock, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $24.96, for a total transaction of $33,820.80. Following the completion of the sale, the senior vice president now directly owns 58,085 shares of the company's stock, valued at $1,449,801.60. The trade was a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,765 shares of company stock valued at $1,663,507. 2.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. increased its position in 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 worth $25,000 after purchasing an additional 444 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company's stock worth $1,113,000 after buying an additional 500 shares during the period. Wealth Quarterback LLC increased its position in shares of Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company's stock worth $326,000 after acquiring an additional 528 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 920 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Kratos Defense & Security Solutions by 23.7% during the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company's stock valued at $119,000 after acquiring an additional 976 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Trading Up 5.4 %

The business's 50-day moving average is $25.51 and its two-hundred day moving average is $22.91. 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 stock has a market capitalization of $4.27 billion, a PE ratio of 282.80 and a beta of 1.07.

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.