LPL Financial LLC Has $348,000 Holdings in Kratos Defense & Security Solutions, Inc (KTOS)

LPL Financial LLC increased its stake in shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,688 shares of the aerospace company’s stock after purchasing an additional 938 shares during the period. LPL Financial LLC’s holdings in Kratos Defense & Security Solutions were worth $348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter worth approximately $98,000. Private Advisor Group LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $170,000. WINTON GROUP Ltd purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $226,000. Rehmann Capital Advisory Group lifted its stake in shares of Kratos Defense & Security Solutions by 1,377.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,542 shares of the aerospace company’s stock valued at $375,000 after purchasing an additional 5,167 shares during the period. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $382,000. 85.96% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on KTOS shares. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, January 2nd. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. ValuEngine raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Seaport Global Securities reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Monday, February 11th. Finally, Noble Financial set a $20.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kratos Defense & Security Solutions has a consensus rating of “Buy” and an average target price of $18.20.

Shares of KTOS traded down $0.01 during trading hours on Friday, hitting $14.69. The stock had a trading volume of 714,010 shares, compared to its average volume of 818,402. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.00 and a quick ratio of 2.72. Kratos Defense & Security Solutions, Inc has a 12 month low of $9.76 and a 12 month high of $17.87. The firm has a market capitalization of $1.56 billion, a P/E ratio of 86.41, a PEG ratio of 7.61 and a beta of 1.90.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, February 28th. The aerospace company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $164.40 million for the quarter, compared to the consensus estimate of $188.82 million. Kratos Defense & Security Solutions had a positive return on equity of 3.92% and a negative net margin of 0.57%. During the same period in the previous year, the business earned $0.09 earnings per share. Analysts expect that Kratos Defense & Security Solutions, Inc will post 0.26 EPS for the current fiscal year.

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Kratos Defense & Security Solutions Profile

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

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