Dimensional Fund Advisors LP Sells 160,107 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)


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Dimensional Fund Advisors LP lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,231,525 shares of the aerospace company’s stock after selling 160,107 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kratos Defense & Security Solutions were worth $88,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KTOS. Marshall Wace LLP acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at about $35,000. Capstone Triton Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $78,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at about $81,000. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $139,000. Finally, Strs Ohio acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $142,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

In other news, CEO Eric M. Demarco sold 1,210 shares of the stock in a transaction that occurred on Thursday, January 21st. The shares were sold at an average price of $29.31, for a total transaction of $35,465.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Benjamin M. Goodwin sold 2,500 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $25.69, for a total transaction of $64,225.00. The disclosure for this sale can be found here. Insiders sold a total of 50,945 shares of company stock valued at $1,468,656 over the last ninety days. 15.54% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and upped their price objective for the company from $23.00 to $27.00 in a report on Thursday, January 7th. Robert W. Baird restated a “neutral” rating and issued a $29.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, February 25th. Noble Financial lowered shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a report on Friday, February 26th. Truist lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Monday, January 11th. Finally, Alembic Global Advisors lowered shares of Kratos Defense & Security Solutions from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Monday, March 1st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Kratos Defense & Security Solutions has an average rating of “Hold” and a consensus target price of $25.90.

Shares of KTOS stock opened at $28.19 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $13.61 and a 52-week high of $34.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.47 and a current ratio of 3.86. The company has a 50-day simple moving average of $26.91 and a two-hundred day simple moving average of $24.95. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 704.93 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, February 25th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Kratos Defense & Security Solutions had a return on equity of 3.99% and a net margin of 0.62%. The firm had revenue of $206.40 million during the quarter, compared to the consensus estimate of $218.72 million. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Kratos Defense & Security Solutions Profile

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space, training and cybersecurity/ warfare, satellite communications, C5ISR/ modular systems, turbine technologies, 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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