Gibraltar Capital Management Inc. Sells 272 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Gibraltar Capital Management Inc. lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 53,645 shares of the aerospace company’s stock after selling 272 shares during the quarter. Leidos makes up 3.9% of Gibraltar Capital Management Inc.’s holdings, making the stock its 12th biggest position. Gibraltar Capital Management Inc.’s holdings in Leidos were worth $8,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after purchasing an additional 283,558 shares during the last quarter. Twin Tree Management LP purchased a new stake in Leidos in the first quarter worth about $2,512,000. Leeward Investments LLC MA grew its holdings in Leidos by 4.9% during the 1st quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after acquiring an additional 7,703 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock valued at $1,207,000 after buying an additional 5,403 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Leidos by 97.2% in the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after acquiring an additional 6,360 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Citigroup lifted their target price on Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada raised their target price on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Finally, TD Cowen upped their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.92.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction 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 sale, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. This trade represents 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 company insiders.

Leidos Price Performance

Shares of Leidos stock opened at $169.73 on Tuesday. The firm has a market cap of $22.86 billion, a PE ratio of 53.21, a P/E/G ratio of 1.50 and a beta of 0.70. The business has a 50-day moving average price of $160.48 and a 200 day moving average price of $149.88. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a twelve month low of $90.53 and a twelve month high of $171.35.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the previous year, the business earned $1.80 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Leidos Holdings, Inc. will post 8.96 earnings per share for the current fiscal year.

Leidos Increases Dividend

The business also recently declared 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. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is presently 47.65%.

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.