Mercer Global Advisors Inc. ADV Sells 18,039 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mercer Global Advisors Inc. ADV reduced its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,854 shares of the aerospace company's stock after selling 18,039 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.23% of Kratos Defense & Security Solutions worth $9,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $461,000. Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $207,000. Stifel Financial Corp increased its stake in shares of Kratos Defense & Security Solutions by 17.5% in the 4th quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock valued at $7,808,000 after acquiring an additional 44,048 shares during the last quarter. MRA Advisory Group acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $448,000. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock worth $801,000 after acquiring an additional 16,650 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KTOS shares. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Royal Bank of Canada cut their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.13.

Kratos Defense & Security Solutions Stock Down 0.4 %

NASDAQ KTOS traded down $0.15 during trading on Wednesday, hitting $36.08. The stock had a trading volume of 2,291,534 shares, compared to its average volume of 1,640,168. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $36.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company's 50-day moving average price is $31.27 and its two-hundred day moving average price is $29.08. The company has a market capitalization of $5.53 billion, a PE ratio of 360.83 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, SVP Marie Mendoza sold 1,500 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00. Following the transaction, the senior vice president now directly owns 60,443 shares in the company, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric M. Demarco purchased 9,500 shares of the business's stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $26.35 per share, with a total value of $250,325.00. Following the purchase, the chief executive officer now owns 1,267,482 shares of the company's stock, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 87,168 shares of company stock worth $2,537,940 in the last quarter. Corporate insiders own 2.37% of the company's stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.