Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,200 shares of the aerospace company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Leidos were worth $1,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after acquiring an additional 3,534 shares in the last quarter. Fiduciary Trust Co increased its stake in shares of Leidos by 36.4% during the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 6,395 shares during the last quarter. Atria Investments Inc increased its stake in shares of Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after purchasing an additional 4,421 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Leidos by 21.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Leidos in the 3rd quarter valued at $4,622,000. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of LDOS opened at $132.22 on Tuesday. The firm’s 50 day moving average price is $146.93 and its two-hundred day moving average price is $157.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The firm has a market cap of $17.64 billion, a P/E ratio of 15.06, a PEG ratio of 0.92 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $120.98 and a twelve month high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. On average, analysts forecast that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is currently 18.22%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LDOS shares. Citigroup raised their price target on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial cut their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on shares of Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $176.27.

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.