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

Several analysts have recently weighed in on KTOS shares. Canaccord Genuity restated a “buy” rating and set a $14.00 price target (up from $10.00) on shares of Kratos Defense & Security Solutions in a report on Friday, May 19th. B. Riley restated a “buy” rating and set a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, July 28th. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, July 19th. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, June 29th. Finally, BidaskClub cut 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 issued a buy rating to the company’s stock. Kratos Defense & Security Solutions presently has a consensus rating of “Buy” and an average price target of $12.78.

The company’s market cap is $1.18 billion. The company’s 50 day moving average is $12.26 and its 200 day moving average is $10.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 EPS for the quarter, beating the 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 firm had revenue of $185.70 million during the quarter, compared to analyst estimates of $172.78 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post $0.10 EPS for the current fiscal year.

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 8,905 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KTOS. Teachers Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 31.5% during the 4th quarter. Teachers Advisors LLC now owns 123,244 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 29,517 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Kratos Defense & Security Solutions by 61.8% during the 1st quarter. Wells Fargo & Company MN now owns 57,246 shares of the aerospace company’s stock valued at $445,000 after purchasing an additional 21,856 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 6.2% during the 1st quarter. Bank of New York Mellon Corp now owns 462,506 shares of the aerospace company’s stock valued at $3,599,000 after purchasing an additional 26,979 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Kratos Defense & Security Solutions by 17.9% during the 1st quarter. Swiss National Bank now owns 115,400 shares of the aerospace company’s stock valued at $898,000 after purchasing an additional 17,500 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at $405,000. Hedge funds and other institutional investors 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.

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