Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,190,639 shares of the aerospace company’s stock after acquiring an additional 136,696 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.79% of Kratos Defense & Security Solutions worth $83,855,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its position in Kratos Defense & Security Solutions by 5.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 163,569 shares of the aerospace company’s stock valued at $3,273,000 after acquiring an additional 8,292 shares in the last quarter. American Century Companies Inc. grew its position in Kratos Defense & Security Solutions by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 290,968 shares of the aerospace company’s stock valued at $5,822,000 after acquiring an additional 49,392 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Kratos Defense & Security Solutions by 4.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 110,530 shares of the aerospace company’s stock valued at $2,212,000 after acquiring an additional 4,488 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at about $418,000. Finally, Arizona State Retirement System grew its position in Kratos Defense & Security Solutions by 4.9% in the 2nd quarter. Arizona State Retirement System now owns 41,976 shares of the aerospace company’s stock valued at $840,000 after acquiring an additional 1,960 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $21.26, for a total value of $74,410.00. Following the completion of the sale, the insider now owns 279,575 shares in the company, valued at $5,943,764.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,210 shares of company stock worth $1,505,072. 2.27% of the stock is owned by insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $23.06 on Thursday. The stock has a 50 day moving average price of $21.73 and a 200 day moving average price of $20.25. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 71.59 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52-week low of $14.16 and a 52-week high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday. BTIG Research began coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada boosted their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.78.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.