Kratos Defense & Security Solutions (NASDAQ:KTOS) Hits New 12-Month High - Time to Buy?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $36.57 and last traded at $36.68, with a volume of 407612 shares traded. The stock had previously closed at $34.93.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KTOS. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Truist Financial upped their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research note on Friday. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.13.

Kratos Defense & Security Solutions Trading Down 1.1 %

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 firm has a 50-day moving average of $30.85 and a two-hundred day moving average of $28.95. The firm has a market capitalization of $5.50 billion, a P/E ratio of 358.84 and a beta of 1.01.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the sale, the insider now owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $26.35 per share, with a total value of $250,325.00. Following the purchase, the chief executive officer now directly owns 1,267,482 shares of the company's stock, valued at $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 87,168 shares of company stock valued at $2,537,940 in the last quarter. Insiders own 2.37% of the company's stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at $30,000. Aspect Partners LLC increased its holdings in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 950 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after buying an additional 700 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after buying an additional 610 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.