Gibraltar Capital Management Inc. Has $6.04 Million Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Gibraltar Capital Management Inc. lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,842 shares of the aerospace company’s stock after selling 2,207 shares during the period. Leidos accounts for about 2.6% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Gibraltar Capital Management Inc.’s holdings in Leidos were worth $6,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Leidos during the 4th quarter worth about $28,000. Itau Unibanco Holding S.A. bought a new position in shares of Leidos during the 3rd quarter worth about $30,000. Lindbrook Capital LLC increased its holdings in shares of Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Friedenthal Financial bought a new position in shares of Leidos during the 4th quarter worth about $43,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Leidos during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the transaction, the director now owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Shares of LDOS stock traded up $8.60 during trading hours on Tuesday, reaching $140.22. 3,639,797 shares of the company were exchanged, compared to its average volume of 866,493. Leidos Holdings, Inc. has a fifty-two week low of $76.58 and a fifty-two week high of $140.91. The stock’s fifty day moving average is $128.08 and its two-hundred day moving average is $114.53. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 98.75, a P/E/G ratio of 1.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the prior year, the business earned $1.47 earnings per share. Leidos’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts forecast that Leidos Holdings, Inc. will post 7.77 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.08%. Leidos’s payout ratio is 107.04%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Royal Bank of Canada upped their target price on shares of Leidos from $105.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Truist Financial upped their target price on shares of Leidos from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird upped their target price on shares of Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.42.

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.