Raymond James & Associates lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,472 shares of the aerospace company’s stock after selling 23,476 shares during the quarter. Raymond James & Associates owned about 0.11% of Leidos worth $12,725,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Point72 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter valued at approximately $36,118,000. Bank of America Corp DE raised its position in shares of Leidos by 21.7% in the 1st quarter. Bank of America Corp DE now owns 1,389,115 shares of the aerospace company’s stock valued at $150,052,000 after purchasing an additional 247,472 shares in the last quarter. Millennium Management LLC raised its position in shares of Leidos by 67.0% in the 2nd quarter. Millennium Management LLC now owns 603,573 shares of the aerospace company’s stock valued at $60,786,000 after purchasing an additional 242,201 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Leidos by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock valued at $1,629,768,000 after purchasing an additional 236,272 shares in the last quarter. Finally, National Pension Service raised its position in shares of Leidos by 2,971.5% in the 1st quarter. National Pension Service now owns 228,180 shares of the aerospace company’s stock valued at $24,648,000 after purchasing an additional 220,751 shares in the last quarter. Hedge funds and other institutional investors own 75.74% of the company’s stock.
Insider Transactions at Leidos
In other news, Director David G. Fubini sold 6,189 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $109.20, for a total value of $675,838.80. Following the completion of the transaction, the director now owns 12,463 shares of the company’s stock, valued at $1,360,959.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Christopher R. Cage sold 1,601 shares of the firm’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $106.51, for a total transaction of $170,522.51. Following the completion of the transaction, the chief financial officer now owns 13,874 shares of the company’s stock, valued at $1,477,719.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David G. Fubini sold 6,189 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $109.20, for a total value of $675,838.80. Following the transaction, the director now directly owns 12,463 shares of the company’s stock, valued at approximately $1,360,959.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,145 shares of company stock valued at $6,583,348. 1.67% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Leidos Price Performance
Shares of LDOS opened at $99.98 on Wednesday. The company has a market cap of $13.67 billion, a P/E ratio of 20.45, a PEG ratio of 2.19 and a beta of 0.80. The stock has a fifty day moving average price of $106.21 and a 200 day moving average price of $100.25. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.93 and a quick ratio of 0.86. Leidos Holdings, Inc. has a 12 month low of $81.07 and a 12 month high of $111.12.
Leidos (NYSE:LDOS – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The aerospace company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.54 billion. Leidos had a return on equity of 21.30% and a net margin of 4.81%. On average, research analysts forecast that Leidos Holdings, Inc. will post 6.36 earnings per share for the current year.
Leidos Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 1.44%. Leidos’s payout ratio is 29.45%.
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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
- Get a free copy of the StockNews.com research report on Leidos (LDOS)
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