Summit Global Investments Sells 258 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Summit Global Investments decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,145 shares of the aerospace company’s stock after selling 258 shares during the quarter. Summit Global Investments’ holdings in Leidos were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in shares of Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Leidos by 39.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after acquiring an additional 3,534 shares during the period. Fiduciary Trust Co raised its position in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after acquiring an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new position in shares of Leidos in the 4th quarter valued at approximately $1,979,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Leidos during the third quarter valued at approximately $4,622,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of NYSE LDOS opened at $133.66 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $139.37 and its 200-day moving average price is $154.31. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The company has a market cap of $17.14 billion, a PE ratio of 14.46, a PEG ratio of 1.65 and a beta of 0.72.

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 1.20%. Leidos’s payout ratio is 17.32%.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LDOS shares. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Truist Financial cut their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and lowered their target price for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.07.

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.