ICM Asset Management Inc. WA grew its holdings in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,302 shares of the aerospace company’s stock after purchasing an additional 9,300 shares during the period. Kratos Defense & Security Solutions comprises about 3.9% of ICM Asset Management Inc. WA’s investment portfolio, making the stock its 5th biggest holding. ICM Asset Management Inc. WA owned 0.31% of Kratos Defense & Security Solutions worth $5,053,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $98,000. AlphaCrest Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $142,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $150,000. Brown Advisory Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $153,000. Finally, Amalgamated Bank bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $175,000. 85.88% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the company. BidaskClub lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Canaccord Genuity boosted their price target on Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. B. Riley boosted their price target on Kratos Defense & Security Solutions to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Finally, Noble Financial set a $20.00 price target on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.20.

NASDAQ:KTOS traded down $0.15 during mid-day trading on Monday, hitting $15.13. 566,055 shares of the company traded hands, compared to its average volume of 1,054,328. Kratos Defense & Security Solutions, Inc has a one year low of $9.76 and a one year high of $17.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.72 and a current ratio of 3.00. The firm has a market capitalization of $1.61 billion, a PE ratio of 88.53, a P/E/G ratio of 7.88 and a beta of 1.90.

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