New York State Common Retirement Fund boosted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 47.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,600 shares of the aerospace company’s stock after buying an additional 24,999 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Kratos Defense & Security Solutions worth $921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Investment Centers of America Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter valued at approximately $161,000. TIAA CREF Investment Management LLC boosted its stake in Kratos Defense & Security Solutions by 27.6% during the second quarter. TIAA CREF Investment Management LLC now owns 192,811 shares of the aerospace company’s stock valued at $2,289,000 after buying an additional 41,729 shares during the last quarter. Teachers Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 25.5% during the second quarter. Teachers Advisors LLC now owns 134,743 shares of the aerospace company’s stock valued at $1,599,000 after buying an additional 27,361 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Kratos Defense & Security Solutions by 185.6% during the second quarter. Alliancebernstein L.P. now owns 83,400 shares of the aerospace company’s stock valued at $990,000 after buying an additional 54,200 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Kratos Defense & Security Solutions by 5.6% during the second quarter. Wells Fargo & Company MN now owns 60,445 shares of the aerospace company’s stock valued at $717,000 after buying an additional 3,199 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 8,905 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $11.19 per share, for a total transaction of $99,646.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.20% of the company’s stock.

Shares of Kratos Defense & Security Solutions, Inc. (KTOS) opened at $10.99 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.67 and a current ratio of 2.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 3.39%. The business had revenue of $196.20 million for the quarter, compared to the consensus estimate of $186.27 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.01 EPS for the current year.

A number of equities analysts recently commented on KTOS shares. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, July 19th. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Kratos Defense & Security Solutions in a research note on Sunday, July 16th. BidaskClub downgraded Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Noble Financial set a $14.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Drexel Hamilton began coverage on Kratos Defense & Security Solutions in a research report on Tuesday, August 15th. They set a “buy” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions currently has an average rating of “Buy” and an average target price of $13.25.

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Kratos Defense & Security Solutions Profile

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

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