Hoylecohen LLC Decreases Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Hoylecohen LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 36.5% in the second quarter, HoldingsChannel reports. The firm owned 2,656 shares of the aerospace company’s stock after selling 1,529 shares during the quarter. Hoylecohen LLC’s holdings in Leidos were worth $387,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LDOS. Citigroup raised their price objective on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Barclays increased their target price on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their price target on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial restated a “buy” rating and set a $165.00 target price (up previously from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.25.

Leidos Stock Up 0.0 %

Shares of LDOS traded up $0.07 during midday trading on Friday, reaching $148.02. 494,430 shares of the stock were exchanged, compared to its average volume of 1,026,091. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $146.91 and its two-hundred day moving average is $137.03. The company has a market capitalization of $19.94 billion, a P/E ratio of 63.80, a PEG ratio of 1.31 and a beta of 0.68. Leidos Holdings, Inc. has a 52 week low of $89.22 and a 52 week high of $155.45.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.80 earnings per share. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.97 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued 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 is presently 65.52%.

Insider Buying and Selling at Leidos

In other news, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Leidos news, CEO Thomas Arthur Bell acquired 1,712 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction on Friday, May 24th. The stock was 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. Over the last ninety days, insiders sold 2,934 shares of company stock valued at $429,655. 0.96% of the stock is currently owned by insiders.

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.