Pure Financial Advisors LLC Sells 200 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Pure Financial Advisors LLC trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,140 shares of the aerospace company’s stock after selling 200 shares during the period. Pure Financial Advisors LLC’s holdings in Leidos were worth $3,772,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in LDOS. Northwest Investment Counselors LLC bought a new position in shares of Leidos in the third quarter valued at $30,000. 1832 Asset Management L.P. bought a new position in Leidos in the 2nd quarter valued at about $34,000. Blue Trust Inc. lifted its position in Leidos by 251.3% in 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. Kathleen S. Wright Associates Inc. acquired a new position in Leidos during the 3rd quarter valued at about $46,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Leidos by 122.5% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LDOS shares. TD Cowen raised their target price on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial lifted their price objective on shares of Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird increased their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average price target of $187.77.

Leidos Price Performance

Shares of NYSE:LDOS opened at $182.97 on Friday. The company has a 50 day moving average of $163.05 and a 200 day moving average of $151.37. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 12 month low of $100.17 and a 12 month high of $188.36. The stock has a market cap of $24.41 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.45 and a beta of 0.68.

Leidos (NYSE:LDOS) last released its earnings results 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 net margin of 7.37% and a return on equity of 30.31%. During the same quarter last year, the firm earned $2.03 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Leidos’s payout ratio is presently 17.31%.

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.