Summit Global Investments Sells 258 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Summit Global Investments reduced its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,145 shares of the aerospace company’s stock after selling 258 shares during the quarter. Summit Global Investments’ holdings in Leidos were worth $2,902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new stake in shares of Leidos during the 4th quarter worth $27,000. Berbice Capital Management LLC bought a new stake in Leidos in the fourth quarter worth about $29,000. Mather Group LLC. boosted its stake in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Human Investing LLC bought a new position in shares of Leidos during the 4th quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Leidos during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LDOS shares. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Wells Fargo & Company cut 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. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Truist Financial lowered their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, nine have assigned 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 an average rating of “Moderate Buy” and a consensus price target of $178.07.

Leidos Trading Down 0.9 %

NYSE LDOS opened at $133.66 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The stock’s 50-day simple moving average is $139.37 and its two-hundred day simple moving average is $154.31. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping 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%. Research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, March 14th. Leidos’s payout ratio is presently 17.32%.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were 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. The trade was a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

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.