Northwestern Mutual Wealth Management Co. Sells 1,351 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Northwestern Mutual Wealth Management Co. lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,081 shares of the aerospace company’s stock after selling 1,351 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Leidos were worth $595,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LDOS. Steward Partners Investment Advisory LLC boosted its holdings in shares of Leidos by 9.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,779 shares of the aerospace company’s stock valued at $193,000 after purchasing an additional 157 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Leidos by 2.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,378 shares of the aerospace company’s stock valued at $582,000 after purchasing an additional 134 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Leidos by 242.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,006 shares of the aerospace company’s stock valued at $2,057,000 after purchasing an additional 13,449 shares in the last quarter. Cibc World Markets Corp boosted its holdings in shares of Leidos by 131.0% in the 4th quarter. Cibc World Markets Corp now owns 17,510 shares of the aerospace company’s stock valued at $1,895,000 after purchasing an additional 9,929 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Leidos by 0.5% in the 4th quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock valued at $124,470,000 after purchasing an additional 6,284 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In other news, CEO Thomas Arthur Bell bought 1,712 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was 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 owns 7,455 shares in the company, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Arthur Bell bought 1,712 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LDOS has been the topic of several recent research reports. Stifel Nicolaus raised their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 24th. Royal Bank of Canada raised their price objective on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Truist Financial lifted their target price on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.83.

Leidos Stock Performance

LDOS stock opened at $166.66 on Tuesday. The stock has a 50-day moving average price of $153.40 and a 200-day moving average price of $145.49. Leidos Holdings, Inc. has a 1-year low of $90.30 and a 1-year high of $167.64. 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 $22.45 billion, a PE ratio of 71.84, a price-to-earnings-growth ratio of 1.47 and a beta of 0.70.

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, September 13th. Leidos’s payout ratio is 65.52%.

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.