Cassaday & Co Wealth Management LLC Lowers Position in Leidos Holdings, Inc. (NYSE:LDOS)

Cassaday & Co Wealth Management LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,561 shares of the aerospace company’s stock after selling 861 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Leidos were worth $2,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $297,000 after buying an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. grew its stake in shares of 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 worth $372,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp boosted its position in Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after acquiring an additional 86 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock valued at $691,000 after acquiring an additional 95 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in Leidos by 6.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Trading Down 1.0 %

Shares of Leidos stock opened at $130.17 on Friday. The business’s fifty day moving average is $145.35 and its two-hundred day moving average is $156.95. Leidos Holdings, Inc. has a fifty-two week low of $122.76 and a fifty-two week high of $202.90. The firm has a market cap of $17.07 billion, a PE ratio of 14.09, a P/E/G ratio of 1.67 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is 17.32%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LDOS. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Citigroup lifted their target price on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Truist Financial decreased their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have 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 $176.27.

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.