Gibraltar Capital Management Inc. Sells 279 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Gibraltar Capital Management Inc. cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,366 shares of the aerospace company’s stock after selling 279 shares during the period. Leidos makes up approximately 3.4% of Gibraltar Capital Management Inc.’s holdings, making the stock its 12th biggest position. Gibraltar Capital Management Inc.’s holdings in Leidos were worth $7,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LDOS. Rakuten Securities Inc. lifted its position in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Leidos during the 3rd quarter valued at about $29,000. Berbice Capital Management LLC bought a new stake in Leidos in the fourth quarter valued at about $29,000. Mather Group LLC. raised its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new position in Leidos during the fourth quarter worth about $52,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LDOS shares. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and cut their target price for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Barclays lifted their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.27.

Leidos Stock Performance

LDOS opened at $130.55 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a 52-week low of $123.22 and a 52-week high of $202.90. The firm has a market cap of $17.12 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The business’s fifty day moving average is $143.49 and its 200-day moving average is $156.63.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

Insider Activity

In other Leidos news, 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 owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.