Blair William & Co. IL Cuts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Blair William & Co. IL cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,348 shares of the aerospace company’s stock after selling 1,443 shares during the period. Blair William & Co. IL’s holdings in Leidos were worth $5,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LDOS. Blue Trust Inc. boosted its position in shares of Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares during the period. Principal Securities Inc. acquired a new stake in Leidos during the 4th quarter worth approximately $49,000. Family Firm Inc. purchased a new position in Leidos in the 2nd quarter valued at $60,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Leidos in the first quarter valued at about $64,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Price Performance

Shares of LDOS opened at $157.06 on Friday. Leidos Holdings, Inc. has a 52 week low of $89.22 and a 52 week high of $159.10. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 67.70, a PEG ratio of 1.38 and a beta of 0.70. The stock has a 50 day moving average of $151.25 and a 200-day moving average of $143.00.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 earnings per share. As a group, analysts forecast that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.97%. Leidos’s dividend payout ratio (DPR) is 65.52%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company lifted their price target on shares of Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. TD Cowen increased their target price on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Truist Financial lifted their target price on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.08.

Leidos 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.