Foster & Motley Inc. Sells 849 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Foster & Motley Inc. reduced its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,009 shares of the aerospace company’s stock after selling 849 shares during the quarter. Foster & Motley Inc.’s holdings in Leidos were worth $1,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LDOS. Private Advisor Group LLC lifted its stake in shares of Leidos by 3.3% in the 1st quarter. Private Advisor Group LLC now owns 5,195 shares of the aerospace company’s stock valued at $681,000 after purchasing an additional 165 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Leidos by 10.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,115 shares of the aerospace company’s stock valued at $6,701,000 after purchasing an additional 4,696 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Leidos by 11.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,172 shares of the aerospace company’s stock valued at $2,775,000 after purchasing an additional 2,201 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Leidos by 6.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 13,108 shares of the aerospace company’s stock valued at $1,718,000 after purchasing an additional 842 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Leidos by 7.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 22,225 shares of the aerospace company’s stock valued at $2,913,000 after purchasing an additional 1,545 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Up 2.2 %

LDOS stock opened at $194.20 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 1-year low of $102.21 and a 1-year high of $198.99. The stock has a market capitalization of $25.91 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.48 and a beta of 0.68. The business has a fifty day moving average price of $165.11 and a 200-day moving average price of $152.75.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. Leidos’s revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.82%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is presently 17.31%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of recent research reports. Truist Financial lifted their price objective on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays lifted their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.23.

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.