44 Wealth Management LLC Sells 337 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

44 Wealth Management LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,580 shares of the aerospace company’s stock after selling 337 shares during the quarter. 44 Wealth Management LLC’s holdings in Leidos were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LDOS. Rakuten Securities Inc. lifted its position in Leidos by 1,460.0% during 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 position in Leidos during the third quarter worth about $29,000. Berbice Capital Management LLC acquired a new position in Leidos during the fourth quarter worth about $29,000. Mather Group LLC. raised its stake in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 156 shares in the last quarter. Finally, Human Investing LLC acquired a new position in Leidos during the fourth quarter worth about $52,000. Institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

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

Leidos Stock Performance

NYSE:LDOS opened at $126.66 on Friday. The company has a market capitalization of $16.61 billion, a PE ratio of 13.71, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a 50 day simple moving average of $144.89 and a two-hundred day simple moving average of $156.76. 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 fifty-two week low of $123.22 and a fifty-two week high of $202.90.

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

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

Analyst Ratings Changes

Several research analysts have commented on LDOS shares. Cantor Fitzgerald started coverage on Leidos in a research note on Friday, February 7th. They set an “overweight” rating and a $185.00 target price for the company. Robert W. Baird boosted their target price on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Thursday. 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. Finally, UBS Group lowered their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.27.

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.