Wambolt & Associates LLC Lowers Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Wambolt & Associates LLC lessened its position in Leidos Holdings, Inc. (NYSE:LDOS) by 23.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,916 shares of the aerospace company’s stock after selling 3,001 shares during the period. Wambolt & Associates LLC’s holdings in Leidos were worth $1,429,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Leidos by 39.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after buying an additional 3,534 shares during the period. Fiduciary Trust Co boosted its stake in Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after buying an additional 6,395 shares during the last quarter. LGT Fund Management Co Ltd. purchased a new stake in Leidos in the 4th quarter valued at about $1,979,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Leidos during the 3rd quarter valued at about $4,622,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Price Performance

LDOS opened at $135.78 on Tuesday. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.65 and a beta of 0.72. The company has a fifty day simple moving average of $139.03 and a 200 day simple moving average of $154.15.

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

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Truist Financial cut their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.

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.