Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,169 shares of the aerospace company’s stock after selling 10,169 shares during the period. Tredje AP fonden’s holdings in Leidos were worth $1,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Verdence Capital Advisors LLC grew its stake in Leidos by 4.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company’s stock worth $242,000 after buying an additional 77 shares during the period. Smartleaf Asset Management LLC grew its stake in Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock worth $65,000 after buying an additional 77 shares during the period. Fifth Third Bancorp grew its stake in Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after buying an additional 86 shares during the period. Contravisory Investment Management Inc. grew its stake in Leidos by 2.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after buying an additional 95 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Leidos by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company’s stock worth $749,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

NYSE LDOS opened at $134.59 on Friday. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a 50 day simple moving average of $140.42 and a 200-day simple moving average of $155.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 1.19%. Leidos’s payout ratio is 17.32%.

Insider Transactions 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 transaction of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, 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 available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’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 transaction, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LDOS shares. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. UBS Group decreased their target price on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Truist Financial decreased their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and decreased their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.87.

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.