Dimensional Fund Advisors LP Sells 231,733 Shares of Kratos Defense & Security Solutions, Inc. $KTOS

Dimensional Fund Advisors LP decreased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 8.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,594,732 shares of the aerospace company’s stock after selling 231,733 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kratos Defense & Security Solutions were worth $182,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenleaf Trust boosted its stake in shares of Kratos Defense & Security Solutions by 2.7% during the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 100 shares during the period. LVW Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 3.0% in the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 107 shares during the period. CENTRAL TRUST Co raised its position in shares of Kratos Defense & Security Solutions by 7.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 115 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Kratos Defense & Security Solutions by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock worth $449,000 after buying an additional 122 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock worth $148,000 after buying an additional 125 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Down 4.2%

NASDAQ KTOS opened at $47.35 on Friday. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $45.58 and a 52 week high of $134.00. The business has a 50 day moving average price of $53.57 and a 200-day moving average price of $74.74. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 278.53 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same period in the previous year, the company posted $0.12 EPS. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $50.45, for a total value of $201,800.00. Following the sale, the insider directly owned 66,238 shares in the company, valued at approximately $3,341,707.10. The trade was a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $57.93, for a total transaction of $86,895.00. Following the completion of the sale, the senior vice president directly owned 64,447 shares in the company, valued at approximately $3,733,414.71. This trade represents a 2.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 148,036 shares of company stock worth $8,455,857. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler decreased their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Wedbush initiated coverage on Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 17th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $99.00 to $82.00 in a report on Friday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.29.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.