Foster & Motley Inc. Cuts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Foster & Motley Inc. lowered its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,009 shares of the aerospace company’s stock after selling 849 shares during the period. Foster & Motley Inc.’s holdings in Leidos were worth $1,632,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LDOS. Northwest Investment Counselors LLC purchased a new stake in shares of Leidos during the third quarter worth about $30,000. 1832 Asset Management L.P. bought a new position in Leidos during the second quarter valued at approximately $34,000. Blue Trust Inc. boosted its stake in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after buying an additional 169 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in Leidos during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LDOS shares. Truist Financial increased their price target on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen increased their price target on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised 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. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.23.

Leidos Price Performance

Shares of LDOS stock opened at $194.20 on Thursday. Leidos Holdings, Inc. has a 52-week low of $102.21 and a 52-week high of $198.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The firm has a market capitalization of $25.91 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.48 and a beta of 0.68. The stock has a 50 day moving average price of $165.11 and a 200 day moving average price of $152.75.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the company earned $2.03 EPS. Leidos’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

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.