Tredje AP fonden Sells 10,169 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Tredje AP fonden lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,169 shares of the aerospace company’s stock after selling 10,169 shares during the period. Tredje AP fonden’s holdings in Leidos were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LDOS. Verdence Capital Advisors LLC increased its position in shares of Leidos by 4.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company’s stock worth $242,000 after purchasing an additional 77 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after acquiring an additional 86 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Leidos by 2.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after acquiring an additional 95 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Leidos by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company’s stock worth $749,000 after acquiring an additional 100 shares during the period. Institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group dropped their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and decreased their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Truist Financial decreased their price target on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.87.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

NYSE:LDOS opened at $134.59 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $17.65 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The business’s 50-day moving average is $140.42 and its 200 day moving average is $155.03.

Leidos (NYSE:LDOS) last released its 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 return on equity of 30.93% and a net margin of 7.53%. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 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. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos’s dividend payout ratio is currently 17.32%.

About Leidos

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.