Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 12-Month High - What's Next?

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.16 and last traded at $38.11, with a volume of 752694 shares trading hands. The stock had previously closed at $36.01.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KTOS. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Benchmark increased their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank of Canada increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.75.

Kratos Defense & Security Solutions Stock Down 1.1%

The firm's 50-day moving average price is $33.18 and its 200 day moving average price is $30.28. The firm has a market cap of $5.66 billion, a P/E ratio of 368.44 and a beta of 1.03. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Transactions 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, March 31st. The shares were sold at an average price of $29.45, for a total transaction of $206,150.00. Following the transaction, the insider now owns 404,133 shares of the company's stock, valued at approximately $11,901,716.85. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas E. Iv Mills sold 5,786 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $33.11, for a total transaction of $191,574.46. Following the transaction, the insider now directly owns 15,332 shares in the company, valued at $507,642.52. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,617 shares of company stock valued at $4,658,171 over the last three months. 2.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after buying an additional 1,728,179 shares during the last quarter. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 7.6% during the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after acquiring an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Kratos Defense & Security Solutions by 6.9% during the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Kratos Defense & Security Solutions by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after purchasing an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 25.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock valued at $77,480,000 after buying an additional 530,599 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

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.