Louisbourg Investments Inc. Sells 7,974 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Louisbourg Investments Inc. decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 24.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,206 shares of the aerospace company’s stock after selling 7,974 shares during the period. Louisbourg Investments Inc.’s holdings in Leidos were worth $3,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. Mirae Asset Global Investments Co. Ltd. grew its stake in Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after purchasing an additional 3,534 shares in the last quarter. Fiduciary Trust Co boosted its position in shares of Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after acquiring an additional 6,395 shares during the period. Atria Investments Inc boosted its holdings in Leidos by 100.1% in the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after purchasing an additional 4,421 shares during the period. Allspring Global Investments Holdings LLC grew its position in Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after buying an additional 283,558 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Leidos by 21.4% in the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after purchasing an additional 9,710 shares during the period. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Down 3.8 %

LDOS stock opened at $137.37 on Wednesday. The company has a market capitalization of $18.33 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a one year low of $113.67 and a one year high of $202.90. The company’s 50 day moving average price is $148.78 and its two-hundred day moving average price is $157.63.

Leidos (NYSE:LDOS) last issued 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 7.37% and a return on equity of 30.31%. As a group, analysts predict that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is presently 18.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial lowered their price target on Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Cantor Fitzgerald initiated coverage on shares of Leidos in a research note on Friday, February 7th. They issued an “overweight” rating and a $185.00 price objective on the stock. UBS Group started coverage on shares of Leidos in a research report on Monday, December 2nd. They set a “neutral” rating and a $182.00 target price for the company. Barclays increased their price target on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Robert W. Baird lifted their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.33.

Insider Buying and Selling

In other news, Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is owned by corporate 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.