Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 8.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,398 shares of the aerospace company’s stock after selling 230 shares during the period. Park Avenue Securities LLC’s holdings in Leidos were worth $314,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Leidos in the 4th quarter worth about $28,000. Lindbrook Capital LLC increased its position in shares of Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Leidos in the fourth quarter worth approximately $35,000. Tidemark LLC acquired a new stake in shares of Leidos during the fourth quarter valued at approximately $41,000. Finally, Friedenthal Financial purchased a new stake in shares of Leidos in the 4th quarter valued at approximately $43,000. 76.12% of the stock is owned by institutional investors.

Insider Activity at Leidos

In other Leidos news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Leidos Stock Down 0.9 %

LDOS stock opened at $145.88 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The firm has a market cap of $19.72 billion, a PE ratio of 62.88, a PEG ratio of 1.51 and a beta of 0.69. Leidos Holdings, Inc. has a 1 year low of $86.75 and a 1 year high of $151.32. The company has a fifty day simple moving average of $143.95 and a 200 day simple moving average of $127.72.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the company posted $1.47 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, June 14th. Leidos’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LDOS. Barclays lifted their price objective on shares of Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Truist Financial reissued a “buy” rating and set a $165.00 price target (up from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Stifel Nicolaus raised their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Jefferies Financial Group upped their target price on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Finally, Argus raised their price target on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.08.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.