Kratos Defense & Security Solutions (KTOS) Reaches New 12-Month High at $19.23

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $19.23 and last traded at $19.21, with a volume of 2179548 shares traded. The stock had previously closed at $19.15.

KTOS has been the topic of several recent analyst reports. ValuEngine raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. Noble Financial set a $20.00 price target on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research report on Friday, February 15th. Seaport Global Securities reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, February 11th. Finally, B. Riley lifted their price target on Kratos Defense & Security Solutions to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.49.

The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 113.00, a P/E/G ratio of 9.05 and a beta of 1.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 2.72.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. The company had revenue of $160.40 million for the quarter, compared to analyst estimates of $153.24 million. During the same quarter last year, the firm earned $0.05 EPS. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.26 earnings per share for the current year.

Several large investors have recently made changes to their positions in KTOS. Bank of New York Mellon Corp grew its holdings in shares of Kratos Defense & Security Solutions by 22.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock worth $8,065,000 after purchasing an additional 98,859 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Kratos Defense & Security Solutions by 22.4% during the 3rd quarter. LPL Financial LLC now owns 23,750 shares of the aerospace company’s stock worth $351,000 after purchasing an additional 4,350 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 4.6% during the 3rd quarter. Teachers Advisors LLC now owns 169,832 shares of the aerospace company’s stock worth $2,510,000 after purchasing an additional 7,525 shares in the last quarter. Morgan Stanley grew its holdings in shares of Kratos Defense & Security Solutions by 43.5% during the 3rd quarter. Morgan Stanley now owns 1,025,133 shares of the aerospace company’s stock worth $15,151,000 after purchasing an additional 310,787 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,077,232 shares of the aerospace company’s stock worth $60,262,000 after purchasing an additional 46,579 shares in the last quarter. 85.95% of the stock is currently owned by institutional investors.

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About Kratos Defense & Security Solutions (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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