Korea Investment CORP Sells 130,521 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Korea Investment CORP trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 42.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 175,496 shares of the aerospace company’s stock after selling 130,521 shares during the period. Korea Investment CORP owned about 0.13% of Leidos worth $25,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Leidos in the fourth quarter valued at approximately $677,000. Meiji Yasuda Asset Management Co Ltd. boosted its position in Leidos by 24.2% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,168 shares of the aerospace company’s stock worth $456,000 after purchasing an additional 617 shares during the last quarter. Bay Capital Advisors LLC bought a new position in Leidos in the 4th quarter valued at $232,000. EntryPoint Capital LLC increased its position in shares of Leidos by 104.9% during the 4th quarter. EntryPoint Capital LLC now owns 2,656 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Interchange Capital Partners LLC raised its stake in shares of Leidos by 6.7% during the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 106 shares during the period. 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 research reports. Wells Fargo & Company reduced their target price on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Truist Financial lowered their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, TD Cowen cut Leidos from a “buy” rating to a “hold” rating and lowered their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $178.07.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated 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 sale, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % 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.

Leidos Stock Down 1.3 %

Shares of NYSE:LDOS opened at $133.95 on Friday. The firm has a fifty day moving average price of $137.51 and a two-hundred day moving average price of $153.65. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate 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 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.19%. Leidos’s payout ratio is presently 17.32%.

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.