Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shot up 5.3% during mid-day trading on Wednesday . The stock traded as high as $20.77 and last traded at $20.46. 3,675,383 shares changed hands during trading, an increase of 234% from the average session volume of 1,098,974 shares. The stock had previously closed at $19.43.

Several research firms have recently issued reports on KTOS. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, May 2nd. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Canaccord Genuity boosted their price target on shares of Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. B. Riley boosted their price target on shares of Kratos Defense & Security Solutions to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Finally, Seaport Global Securities restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, February 11th. Two 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. The company currently has an average rating of “Buy” and a consensus price target of $18.49.

The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 120.35, a price-to-earnings-growth ratio of 9.49 and a beta of 1.87. The company has a current ratio of 2.65, a quick ratio of 2.29 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a net margin of 0.28% and a return on equity of 4.22%. The company had revenue of $160.40 million for the quarter, compared to analysts’ expectations of $153.24 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc will post 0.27 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its position in Kratos Defense & Security Solutions by 43.5% during the third quarter. Morgan Stanley now owns 1,025,133 shares of the aerospace company’s stock valued at $15,151,000 after acquiring an additional 310,787 shares during the last quarter. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 1.2% during the third quarter. Vanguard Group Inc. now owns 4,077,232 shares of the aerospace company’s stock valued at $60,262,000 after acquiring an additional 46,579 shares during the last quarter. Bank of New York Mellon Corp increased its position in Kratos Defense & Security Solutions by 22.1% during the third quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock valued at $8,065,000 after acquiring an additional 98,859 shares during the last quarter. Amalgamated Bank bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at $175,000. Finally, Allred Capital Management LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at $1,291,000. Institutional investors own 87.85% of the company’s stock.

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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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