Gibraltar Capital Management Inc. Has $7.69 Million Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Gibraltar Capital Management Inc. lowered its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,366 shares of the aerospace company’s stock after selling 279 shares during the quarter. Leidos comprises 3.4% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Gibraltar Capital Management Inc.’s holdings in Leidos were worth $7,688,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its stake in Leidos by 15.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 19,991 shares of the aerospace company’s stock worth $2,880,000 after acquiring an additional 2,691 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Leidos by 185.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 157,379 shares of the aerospace company’s stock valued at $22,672,000 after purchasing an additional 102,214 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Leidos by 98.4% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,969 shares of the aerospace company’s stock worth $1,292,000 after purchasing an additional 4,448 shares in the last quarter. Quartz Partners LLC grew its stake in shares of Leidos by 6.2% in the 4th quarter. Quartz Partners LLC now owns 16,373 shares of the aerospace company’s stock valued at $2,359,000 after buying an additional 960 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Leidos by 347.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 31,097 shares of the aerospace company’s stock valued at $4,480,000 after buying an additional 24,142 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LDOS has been the topic of several recent research reports. Truist Financial cut their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. UBS Group reduced their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and dropped their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.27.

Leidos Price Performance

Shares of Leidos stock opened at $130.55 on Wednesday. The business’s 50-day moving average price is $143.49 and its 200-day moving average price is $156.63. The firm has a market capitalization of $17.12 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 12 month low of $123.22 and a 12 month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating 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%. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

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

Insider Buying and Selling at Leidos

In related news, 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 completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.