Adams Diversified Equity Fund Inc. Lowers Position in Leidos Holdings, Inc. (NYSE:LDOS)

Adams Diversified Equity Fund Inc. cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 12.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 146,400 shares of the aerospace company’s stock after selling 20,500 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Leidos were worth $23,863,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in Leidos during the third quarter valued at about $30,000. 1832 Asset Management L.P. bought a new stake in shares of Leidos in the second quarter worth about $34,000. Blue Trust Inc. increased its holdings in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of Leidos in the third quarter worth about $46,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 169 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Robert W. Baird boosted their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. TD Cowen boosted their price objective on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial boosted their price objective on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.08.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 1,000 shares of Leidos 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 completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Trading Up 9.5 %

Shares of NYSE:LDOS opened at $185.86 on Wednesday. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 58.26, a PEG ratio of 1.50 and a beta of 0.70. Leidos Holdings, Inc. has a 52-week low of $90.53 and a 52-week high of $186.88. The business has a 50-day moving average price of $161.19 and a 200-day moving average price of $150.31. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $2.03 earnings per share. Equities analysts predict that Leidos Holdings, Inc. will post 8.96 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Leidos’s dividend payout ratio (DPR) is presently 47.65%.

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.