Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 15.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,673 shares of the aerospace company’s stock after selling 4,412 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Leidos were worth $3,194,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Leidos in the fourth quarter worth $266,419,000. Alliancebernstein L.P. increased its position in Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after buying an additional 835,930 shares during the last quarter. Invesco Ltd. increased its position in Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after buying an additional 682,532 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Leidos by 435.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock valued at $67,032,000 after purchasing an additional 377,756 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company’s stock valued at $79,053,000 after purchasing an additional 330,623 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Robert W. Baird downgraded Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price target on the stock. in a research report on Tuesday, May 27th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus began coverage on shares of Leidos in a research note on Tuesday. They set a “buy” rating and a $178.00 price target for the company. Finally, Baird R W cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.46.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now directly owns 20,195 shares of the company’s stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.

Leidos Stock Performance

Shares of Leidos stock opened at $152.41 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The firm has a market cap of $19.62 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.83 and a beta of 0.63. The firm has a 50 day simple moving average of $149.24 and a 200 day simple moving average of $144.04. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a net margin of 7.87% and a return on equity of 32.62%. Leidos’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share. Sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, June 16th. Leidos’s dividend payout ratio is presently 16.10%.

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.