Amalgamated Bank Lowers Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Amalgamated Bank trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,689 shares of the aerospace company’s stock after selling 1,150 shares during the quarter. Amalgamated Bank’s holdings in Leidos were worth $3,845,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 valued at $1,800,000 after acquiring an additional 3,534 shares during the last quarter. Fiduciary Trust Co increased its holdings 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 purchasing an additional 6,395 shares during the period. Private Advisor Group LLC raised its stake in shares of Leidos by 83.0% during the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 3,703 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Leidos by 100.1% during the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after purchasing an additional 4,421 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in Leidos by 21.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after buying an additional 9,710 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays upped their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a report on Tuesday. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company reduced their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Trading Up 0.2 %

Shares of LDOS stock opened at $129.92 on Friday. The stock has a market cap of $17.04 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a fifty-two week low of $123.22 and a fifty-two week high of $202.90. The business has a fifty day simple moving average of $142.59 and a 200-day simple moving average of $156.16.

Leidos (NYSE:LDOS) last issued its quarterly earnings data 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%. On average, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business 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 dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. Leidos’s dividend payout ratio is currently 17.32%.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated 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 $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 is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the company’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 in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. 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.