Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Denali Advisors LLC

Denali Advisors LLC trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 22.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the aerospace company’s stock after selling 409 shares during the period. Denali Advisors LLC’s holdings in Leidos were worth $204,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LDOS. Tidemark LLC acquired a new stake in shares of Leidos in the fourth quarter valued at about $41,000. Blue Trust Inc. grew its stake in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. Principal Securities Inc. purchased a new position in Leidos in the 4th quarter worth approximately $49,000. Finally, Family Firm Inc. acquired a new position in shares of Leidos during the 2nd quarter worth approximately $60,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Trading Down 0.3 %

LDOS opened at $154.34 on Wednesday. Leidos Holdings, Inc. has a 52 week low of $89.22 and a 52 week high of $159.10. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $150.87 and a 200-day simple moving average of $142.54. The firm has a market cap of $20.87 billion, a P/E ratio of 66.53, a P/E/G ratio of 1.37 and a beta of 0.70.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the company posted $1.80 EPS. Leidos’s revenue was up 7.7% compared to the same quarter last year. On average, equities 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. Shareholders 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 0.98%. Leidos’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Bank of America raised their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. TD Cowen boosted their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was 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 of the company’s stock, valued at $1,622,241.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost 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 of the company’s stock, valued at $3,248,605.92. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

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.