Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.78 and last traded at $13.81, with a volume of 1,126,766 shares traded. The stock had previously closed at $13.39.

A number of brokerages recently issued reports on KTOS. B. Riley reiterated a “buy” rating and set a $16.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, July 28th. SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Friday, July 14th. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $12.78.

The firm’s market cap is $1.20 billion. The stock’s 50-day moving average is $12.16 and its 200 day moving average is $9.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The company had revenue of $185.70 million during the quarter, compared to the consensus estimate of $172.78 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post $0.10 earnings per share for the current fiscal year.

In related news, CEO Eric M. Demarco bought 8,905 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in KTOS. KCG Holdings Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 33.9% during the 1st quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after buying an additional 3,685 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $113,000. Principal Financial Group Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $126,000. Creative Planning boosted its holdings in shares of Kratos Defense & Security Solutions by 31.3% during the 2nd quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after buying an additional 2,813 shares in the last quarter. Finally, Investment Centers of America Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $161,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

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About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.