Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 52-Week High at $24.08

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $24.08 and last traded at $23.41, with a volume of 14534 shares changing hands. The stock had previously closed at $23.41.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of recent analyst reports. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a "neutral" rating for the company. JMP Securities initiated coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a "market outperform" rating and a $27.00 target price for the company. Benchmark reissued a "buy" rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Royal Bank of Canada raised their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. raised their target price on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.50.

Kratos Defense & Security Solutions Stock Down 2.6 %

The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 69.22 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $21.57 and a 200-day moving average price of $20.08.

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

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the transaction, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at approximately $1,370,621.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $22.68, for a total transaction of $158,760.00. Following the completion of the transaction, the insider now owns 377,322 shares in the company, valued at $8,557,662.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,210 shares of company stock worth $1,652,702. Corporate insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 17,024 shares of the aerospace company's stock valued at $345,000 after acquiring an additional 3,232 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Kratos Defense & Security Solutions by 100.0% during the 4th quarter. BNP Paribas Financial Markets now owns 202,356 shares of the aerospace company's stock valued at $4,106,000 after acquiring an additional 101,191 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kratos Defense & Security Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company's stock valued at $80,978,000 after acquiring an additional 195,615 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $286,000. Finally, Norges Bank acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $8,807,000. 75.92% of the stock is currently 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.