Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 83.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,613 shares of the aerospace company’s stock after selling 70,350 shares during the period. Loomis Sayles & Co. L P’s holdings in Leidos were worth $1,961,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LDOS. Vanguard Group Inc. lifted its position in shares of Leidos by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock valued at $2,225,784,000 after acquiring an additional 84,003 shares in the last quarter. State Street Corp raised its stake in Leidos by 1.0% in the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock valued at $945,458,000 after purchasing an additional 56,066 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after purchasing an additional 405,256 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Leidos by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock worth $546,912,000 after purchasing an additional 42,358 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after buying an additional 522,764 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Truist Financial reduced their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and cut their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average target price of $178.07.

Leidos Stock Down 1.3 %

Shares of Leidos stock opened at $133.95 on Friday. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. 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 company has a fifty day moving average price of $137.51 and a 200 day moving average price of $153.64.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping the consensus estimate 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 forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. Leidos’s payout ratio is currently 17.32%.

Insider Activity

In related news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value 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. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos 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.