Kratos Defense & Security Solutions (NASDAQ:KTOS) Reaches New 12-Month High – Here’s Why

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $34.83 and last traded at $35.10, with a volume of 686639 shares traded. The stock had previously closed at $33.62.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of 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 upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JMP Securities boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Five 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.30.

Kratos Defense & Security Solutions Stock Performance

The company’s 50-day moving average is $27.62 and its two-hundred day moving average is $24.39. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.30 billion, a P/E ratio of 351.55 and a beta of 1.07.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the transaction, the insider now owns 103,430 shares in the company, valued at $2,739,860.70. This trade represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction that occurred on 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 owns 37,327 shares in the company, valued at $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,428 shares of company stock worth $2,661,646 in the last quarter. Insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. 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 buying an additional 444 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at about $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $36,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.