Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 52-Week High – Here’s What Happened

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price reached a new 52-week high 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KTOS shares. JMP Securities lifted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Jefferies Financial Group lifted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Truist Financial restated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $35.00 in a research note on Monday. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.30.

Kratos Defense & Security Solutions Stock Performance

The firm has a 50 day moving average price of $26.59 and a 200-day moving average price of $23.85. The stock has a market capitalization of $4.66 billion, a PE ratio of 308.33 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insider Transactions at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Iv Mills sold 11,516 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the completion of the sale, the insider now owns 12,315 shares in the company, valued at approximately $344,573.70. This represents a 48.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,886 shares of company stock worth $2,809,800 over the last 90 days. 2.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of KTOS. Rhumbline Advisers boosted its position in Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after purchasing an additional 1,092 shares in the last quarter. Arizona State Retirement System grew its stake in Kratos Defense & Security Solutions by 4.9% in the 2nd quarter. Arizona State Retirement System now owns 41,976 shares of the aerospace company’s stock valued at $840,000 after acquiring an additional 1,960 shares during the period. Acadian Asset Management LLC purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth $418,000. American Century Companies Inc. raised its position in Kratos Defense & Security Solutions by 20.4% during the second quarter. American Century Companies Inc. now owns 290,968 shares of the aerospace company’s stock worth $5,822,000 after acquiring an additional 49,392 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Kratos Defense & Security Solutions by 5.3% during the second quarter. Oppenheimer & Co. Inc. now owns 163,569 shares of the aerospace company’s stock valued at $3,273,000 after purchasing an additional 8,292 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other 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.