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Kratos Defense & Security Solutions (NASDAQ:KTOS) hits new 52-week high after analyst upgrade


The stock price of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get a Free Report) hit a new 52-week high in afternoon trading on Tuesday after JPMorgan Chase & Co. had increased their price target for the stock from $20.00 to $23.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Kratos Defense & Security Solutions traded at $22.78 and last traded at $22.39, with a volume of 242071 shares changing hands. The stock previously closed at $21.54.

KTOS has been the subject of a number of other reports. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25. Jefferies Financial Group lowered their target price on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the company in a research note on Wednesday, April 10. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $20.00 to $27.00 in a report on Friday, April 26. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday. They set a ‘market outperform’ rating and a price target of €27.00 for the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.38.

Check out our latest stock analysis on KTOS

Insider activity

In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares sold at an average price of $17.80, for a total value of $124,600.00. Following the completion of the sale, the insider now owns 419,821 shares of the company’s stock, valued at $7,472,813.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 25. The shares sold at an average price of $17.80, for a total value of $124,600.00. Following the sale, the insider now directly owns 419,821 shares in the company, valued at approximately $7,472,813.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Insider Steven S. Fendley also sold 25,000 shares of the company’s stock in a transaction on Friday, May 24. The shares sold at an average price of $21.44, for a total value of $536,000.00. Following the completion of the transaction, the insider now directly owns 398,160 shares of the company’s stock, valued at approximately $8,536,550.40. The explanation of this sale can be found here. In the last 90 days, insiders have sold 61,038 shares of the company’s stock, valued at $1,209,659. Insiders own 2.27% of the company’s shares.

Institutional investors are considering Kratos’ defense and security solutions

Several hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter worth approximately $46,177,000. Loomis Sayles & Co. LP bought a new stake in Kratos Defense & Security Solutions in the third quarter worth approximately $36,937,000. Vanguard Group Inc. strengthened its position in Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company valued at $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 56.4% during the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after purchasing an additional 1,091,380 shares in the last quarter. 75.92% of the shares are owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Rises 1.2%

The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 82.85 and a beta of 0.81. The company has a fifty-day moving average of $18.87 and a 200-day moving average of $18.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last released its quarterly earnings data on Tuesday, May 7. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The company had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. During the same quarter of the previous year, the company earned earnings per share of $0.01. Kratos Defense & Security Solutions’ quarterly revenue increased 19.6% compared to the same quarter last year. On average, stock analysts predict that Kratos Defense & Security Solutions, Inc. will post a profit per share of 0.28 for the current year.

Company profile of Kratos Defense & Security Solutions

(Get a free report)

Kratos Defense & Security Solutions, Inc operates as a technology company focused on the defense, national security and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company provides 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 missile systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft and launch systems; command, control, communications, computing, combat, intelligence surveillance and reconnaissance; and microwave electronics products for missile, radar, missile defense, space and satellite; against unmanned aircraft systems, directed energy, communications and other systems, and virtual and augmented reality training systems for the warfighter.

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