Kratos Defense & Security Solutions (NASDAQ:KTOS) Hits New 1-Year High - What's Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report)'s share price hit a new 52-week high on Friday . The company traded as high as $42.73 and last traded at $41.98, with a volume of 1787751 shares. The stock had previously closed at $41.24.

Analyst Ratings Changes

A number of brokerages have weighed in on KTOS. Truist Financial increased their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. upped their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Benchmark increased their price target 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. Finally, Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

Kratos Defense & Security Solutions Stock Up 1.3%

The firm has a 50 day moving average price of $35.13 and a two-hundred day moving average price of $31.30. 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 capitalization of $6.41 billion, a price-to-earnings ratio of 417.64 and a beta of 0.99.

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

Insider Activity

In other news, SVP Marie Mendoza sold 2,031 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $31.36, for a total transaction of $63,692.16. Following the transaction, the senior vice president now owns 69,288 shares of the company's stock, valued at approximately $2,172,871.68. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bradley L. Boyd sold 3,800 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $34.88, for a total transaction of $132,544.00. Following the transaction, the director now directly owns 9,480 shares in the company, valued at $330,662.40. The trade was a 28.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,184 shares of company stock worth $5,149,125 over the last ninety days. Corporate insiders own 2.37% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the stock. Costello Asset Management INC bought a new position in Kratos Defense & Security Solutions in the first quarter worth about $29,000. Aspect Partners LLC lifted 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 worth $30,000 after acquiring an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the first quarter worth about $30,000. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions in the first quarter worth about $30,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Company Profile

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.