Lecap Asset Management Ltd. Reduces Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Lecap Asset Management Ltd. trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 78.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,897 shares of the aerospace company’s stock after selling 18,124 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Leidos were worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC raised its position in Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Leidos in the fourth quarter worth $35,000. Tidemark LLC purchased a new position in shares of Leidos during the fourth quarter worth $41,000. Blue Trust Inc. lifted its position in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 201 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insiders Place Their Bets

In other news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now owns 7,455 shares in the company, valued at $1,082,689.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The disclosure for this sale can be found here. Insiders have sold a total of 2,934 shares of company stock valued at $429,655 in the last 90 days. 0.96% of the stock is owned by insiders.

Leidos Price Performance

Shares of LDOS stock traded up $1.07 on Thursday, reaching $151.91. 42,117 shares of the company were exchanged, compared to its average volume of 880,109. Leidos Holdings, Inc. has a 1 year low of $89.22 and a 1 year high of $155.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The business has a 50-day moving average price of $147.27 and a 200 day moving average price of $137.86. The company has a market cap of $20.46 billion, a price-to-earnings ratio of 65.04, a P/E/G ratio of 1.32 and a beta of 0.68.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. Leidos’s payout ratio is currently 65.52%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Barclays upped their price objective on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup lifted their target price on shares of Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, TD Cowen raised their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.25.

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.