Kratos Defense & Security Solutions (NASDAQ:KTOS) Hits New 52-Week High – Here’s Why

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.62 and last traded at $25.59, with a volume of 31169 shares trading hands. The stock had previously closed at $25.30.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Kratos Defense & Security Solutions Stock Performance

The firm has a market cap of $3.86 billion, a PE ratio of 361.43 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’s 50 day simple moving average is $22.55 and its 200 day simple moving average is $20.95.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. On average, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other 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 transaction of $158,760.00. Following the sale, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $22.54, for a total transaction of $135,240.00. Following the transaction, the chief financial officer now directly owns 291,898 shares in the company, valued at approximately $6,579,380.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the insider now owns 377,322 shares in the company, valued at $8,557,662.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,133 shares of company stock worth $1,437,327. 2.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. grew its holdings 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 valued at $25,000 after purchasing an additional 444 shares during the last quarter. Arkadios Wealth Advisors grew its stake in Kratos Defense & Security Solutions by 0.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after acquiring an additional 500 shares in the last quarter. Register Financial Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 0.4% during the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after purchasing an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 982 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock valued at $4,603,000 after purchasing an additional 1,092 shares in the last quarter. 75.92% of the stock is currently 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.