Hoylecohen LLC Has $387,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Hoylecohen LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 36.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,656 shares of the aerospace company’s stock after selling 1,529 shares during the period. Hoylecohen LLC’s holdings in Leidos were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its holdings in shares of Leidos by 2.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares in the last quarter. Somerset Trust Co grew its position in Leidos by 4.7% in the second quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock valued at $342,000 after acquiring an additional 106 shares during the last quarter. Czech National Bank raised its stake in Leidos by 0.5% during the first quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after acquiring an additional 111 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Leidos by 0.4% in the fourth quarter. Assetmark Inc. now owns 31,662 shares of the aerospace company’s stock worth $3,427,000 after acquiring an additional 120 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Leidos by 2.2% in the 4th quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock valued at $632,000 after purchasing an additional 125 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Activity

In other Leidos news, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the acquisition, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Thomas Arthur Bell bought 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roy E. Stevens sold 875 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the transaction, the insider now owns 44,149 shares in the company, valued at $6,651,929.83. The disclosure for this sale can be found here. Insiders sold a total of 2,934 shares of company stock worth $429,655 over the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Leidos Trading Up 0.0 %

Shares of NYSE:LDOS traded up $0.07 during midday trading on Friday, reaching $148.02. The company’s stock had a trading volume of 494,430 shares, compared to its average volume of 1,026,091. Leidos Holdings, Inc. has a fifty-two week low of $89.22 and a fifty-two week 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 firm has a 50 day moving average price of $146.91 and a two-hundred day moving average price of $137.03. The firm has a market capitalization of $19.94 billion, a price-to-earnings ratio of 63.80, a PEG ratio of 1.31 and a beta of 0.68.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the business posted $1.80 EPS. Leidos’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts forecast that Leidos Holdings, Inc. will post 8.97 earnings per share for the current 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 paid a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.03%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Analyst Upgrades and Downgrades

LDOS has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. TD Cowen boosted their price objective on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Citigroup increased their target price on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays upped their price objective on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.