State of Wisconsin Investment Board Purchases New Holdings in Kratos Defense & Security Solutions, Inc. (KTOS)

State of Wisconsin Investment Board purchased a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 225,000 shares of the aerospace company’s stock, valued at approximately $2,943,000. State of Wisconsin Investment Board owned about 0.26% of Kratos Defense & Security Solutions at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital World Investors lifted its holdings in Kratos Defense & Security Solutions by 32.2% during the 2nd quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock worth $53,261,000 after purchasing an additional 1,092,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,963,668 shares of the aerospace company’s stock worth $35,179,000 after purchasing an additional 202,727 shares during the last quarter. State Street Corp lifted its holdings in Kratos Defense & Security Solutions by 28.1% during the 2nd quarter. State Street Corp now owns 2,703,519 shares of the aerospace company’s stock worth $32,092,000 after purchasing an additional 593,779 shares during the last quarter. Emerald Advisers Inc. PA lifted its holdings in Kratos Defense & Security Solutions by 12.4% during the 3rd quarter. Emerald Advisers Inc. PA now owns 2,202,877 shares of the aerospace company’s stock worth $28,814,000 after purchasing an additional 242,805 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 1,826,953 shares of the aerospace company’s stock worth $23,897,000 after purchasing an additional 198,296 shares during the last quarter. 62.90% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on KTOS. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Wednesday, August 2nd. Zacks Investment Research cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Kratos Defense & Security Solutions in a report on Monday, August 21st. Finally, BidaskClub cut Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $13.25.

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Kratos Defense & Security Solutions, Inc. (NASDAQ KTOS) opened at $10.33 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.86 and a quick ratio of 2.54. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $186.27 million. Kratos Defense & Security Solutions had a negative return on equity of 1.21% and a negative net margin of 3.39%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post -0.01 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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