Leidos Holdings, Inc. (NYSE:LDOS) Stake Decreased by FourThought Financial Partners LLC

FourThought Financial Partners LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,220 shares of the aerospace company’s stock after selling 202 shares during the period. FourThought Financial Partners LLC’s holdings in Leidos were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Leidos in the 4th quarter worth approximately $28,000. Lindbrook Capital LLC lifted its position in 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 purchasing an additional 186 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Leidos in the fourth quarter worth approximately $35,000. Itau Unibanco Holding S.A. bought a new position in Leidos during the 3rd quarter valued at $30,000. Finally, Friedenthal Financial acquired a new position in shares of Leidos during the 4th quarter valued at $43,000. 76.12% of the stock is owned by institutional investors.

Insider Activity

In other Leidos news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gary Stephen May sold 2,745 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Down 0.7 %

Shares of LDOS stock traded down $0.99 on Friday, reaching $141.67. 1,311,263 shares of the company’s stock traded hands, compared to its average volume of 1,123,401. The business’s 50 day moving average price is $129.12 and its two-hundred day moving average price is $115.53. The company has a market capitalization of $19.16 billion, a P/E ratio of 61.06, a price-to-earnings-growth ratio of 1.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos Holdings, Inc. has a 12-month low of $76.58 and a 12-month high of $143.35.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.59. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 8.36 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is currently 65.52%.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on Leidos from $138.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada increased their target price on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Bank of America increased their price objective on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.17.

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.