Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,257 shares of the aerospace company’s stock after selling 128 shares during the period. Kentucky Retirement Systems’ holdings in Leidos were worth $1,334,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Truist Financial lowered their target price on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.27.

Leidos Stock Down 2.6 %

LDOS stock opened at $126.66 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $16.61 billion, a PE ratio of 13.71, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $123.22 and a 1-year high of $202.90. The business’s 50 day simple moving average is $144.36 and its 200 day simple moving average is $156.84.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.26%. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Insider Activity at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

About Leidos

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.