CHB Investment Group LLC Sells 215 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

CHB Investment Group LLC cut its position in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,144 shares of the aerospace company’s stock after selling 215 shares during the period. CHB Investment Group LLC’s holdings in Leidos were worth $2,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LDOS. Ballentine Partners LLC increased its holdings in shares of Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Asahi Life Asset Management CO. LTD. grew its stake in Leidos by 3.2% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 70 shares during the period. Somerset Trust Co raised its holdings in Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock worth $396,000 after buying an additional 83 shares during the period. Apella Capital LLC boosted its stake in Leidos by 0.8% in the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in Leidos by 6.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock valued at $274,000 after buying an additional 99 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays boosted their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Truist Financial reduced their target price on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $179.07.

Read Our Latest Report on Leidos

Insider Activity

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos 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 of the company’s stock, valued at $1,185,095.52. This represents a 14.04 % 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 Stock Performance

NYSE LDOS opened at $152.71 on Tuesday. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.04 and a beta of 0.66. The stock has a fifty day simple moving average of $160.16 and a 200 day simple moving average of $157.86. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a twelve month low of $107.73 and a twelve month high of $202.90.

Leidos (NYSE:LDOSGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate 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 posted $2.03 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 16th. Leidos’s dividend payout ratio (DPR) is presently 18.22%.

About Leidos

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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