Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,398 shares of the aerospace company’s stock after selling 646 shares during the period. WESPAC Advisors LLC’s holdings in Leidos were worth $490,000 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 the stock. Rakuten Securities Inc. grew its holdings in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Leidos during the 3rd quarter valued at $29,000. Berbice Capital Management LLC acquired a new stake in Leidos during the 4th quarter valued at $29,000. Mather Group LLC. grew its holdings in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in Leidos during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Leidos in a report on Friday, February 7th. They set an “overweight” rating and a $185.00 price target for the company. Barclays raised their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Robert W. Baird raised their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Thursday. Six 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $176.27.

Leidos Trading Down 2.6 %

NYSE LDOS opened at $126.66 on Friday. The firm has a market capitalization of $16.61 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The company has a 50-day simple moving average of $144.36 and a 200-day simple moving average of $156.75. Leidos Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.26%. Leidos’s dividend payout ratio is presently 17.32%.

Insider Activity at Leidos

In other Leidos 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 transaction of $279,278.72. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents 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 insiders.

Leidos 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.