Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,689 shares of the aerospace company’s stock after selling 1,150 shares during the quarter. Amalgamated Bank’s holdings in Leidos were worth $3,845,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised 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 valued at $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 worth about $29,000. Berbice Capital Management LLC purchased a new stake in Leidos in the 4th quarter valued at about $29,000. Mather Group LLC. lifted its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC purchased 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 Analysts Forecast Growth

A number of research firms have recently issued reports on LDOS. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Barclays boosted their target price on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group decreased their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. 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 report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.87.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares in the company, valued at $862,260.48. This represents 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 insiders.

Leidos Price Performance

Leidos stock opened at $129.92 on Friday. 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 company has a fifty day simple moving average of $142.59 and a 200-day simple moving average of $156.16. The stock has a market cap of $17.04 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 12-month low of $123.22 and a 12-month high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) 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%. Equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 1.23%. Leidos’s dividend payout ratio is currently 17.32%.

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.