Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Weil Company Inc.

Weil Company Inc. cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the aerospace company’s stock after selling 991 shares during the period. Weil Company Inc.’s holdings in Leidos were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Boston Partners raised its position in Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock valued at $449,592,000 after purchasing an additional 188,458 shares during the period. Norges Bank acquired a new position in Leidos during the 4th quarter worth about $202,191,000. Dimensional Fund Advisors LP boosted its holdings in Leidos by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,723 shares of the aerospace company’s stock valued at $199,344,000 after acquiring an additional 45,079 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Leidos by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,185,694 shares of the aerospace company’s stock worth $128,340,000 after purchasing an additional 24,041 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Leidos by 0.5% during the fourth quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock worth $124,470,000 after purchasing an additional 6,284 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of research reports. Barclays lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Truist Financial increased their price objective on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their target price on Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company upped their target price on shares of Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.08.

Leidos Stock Performance

NYSE LDOS opened at $152.89 on Friday. The company has a fifty day moving average of $149.72 and a two-hundred day moving average of $140.94. The company has a market capitalization of $20.60 billion, a PE ratio of 65.90, a P/E/G ratio of 1.41 and a beta of 0.69. Leidos Holdings, Inc. has a 1 year low of $89.22 and a 1 year high of $159.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS. As a group, analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.99%. Leidos’s dividend payout ratio (DPR) is 65.52%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the 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 completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

About Leidos

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.