Northern Trust Corp grew its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 20.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 853,262 shares of the aerospace company’s stock after buying an additional 147,650 shares during the quarter. Northern Trust Corp owned 0.98% of Kratos Defense & Security Solutions worth $10,127,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $126,000. Creative Planning lifted its holdings in shares of Kratos Defense & Security Solutions by 31.3% in the 2nd quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock valued at $140,000 after buying an additional 2,813 shares during the period. Investment Centers of America Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $161,000. Tudor Investment Corp ET AL acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $113,000. Finally, KCG Holdings Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 33.9% in the 1st quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock valued at $113,000 after buying an additional 3,685 shares during the period. 63.58% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have recently issued reports on KTOS. Zacks Investment Research cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $12.00 price objective on shares of Kratos Defense & Security Solutions in a report on Monday, October 2nd. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 14th. Finally, Drexel Hamilton began coverage on Kratos Defense & Security Solutions in a report on Tuesday, August 15th. They issued a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $13.25.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) opened at $11.44 on Tuesday. 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 (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The company 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%. Kratos Defense & Security Solutions’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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.

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

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