TD Private Client Wealth LLC Cuts Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

TD Private Client Wealth LLC trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,797 shares of the aerospace company’s stock after selling 367 shares during the period. TD Private Client Wealth LLC’s holdings in Leidos were worth $1,411,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC raised its stake in shares of Leidos by 28.5% during the third quarter. Caprock Group LLC now owns 3,637 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 806 shares during the last quarter. Commerce Bank raised its stake in shares of Leidos by 9.0% during the third quarter. Commerce Bank now owns 4,693 shares of the aerospace company’s stock valued at $765,000 after acquiring an additional 386 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Leidos during the third quarter valued at about $2,971,000. Advisors Asset Management Inc. raised its stake in shares of Leidos by 24.8% during the third quarter. Advisors Asset Management Inc. now owns 21,004 shares of the aerospace company’s stock valued at $3,424,000 after acquiring an additional 4,175 shares during the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of Leidos by 2.7% during the third quarter. Moors & Cabot Inc. now owns 4,086 shares of the aerospace company’s stock valued at $666,000 after acquiring an additional 108 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred 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 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 transaction 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 firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, 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 Price Performance

Shares of LDOS opened at $133.66 on Friday. The stock has a market cap of $17.14 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90. The firm’s 50-day simple moving average is $139.37 and its two-hundred day simple moving average is $154.30.

Leidos (NYSE:LDOS) last announced its quarterly earnings data 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 net margin of 7.53% and a return on equity of 30.93%. Analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is 17.32%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LDOS. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. UBS Group lowered their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Truist Financial decreased their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, StockNews.com downgraded shares of 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, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.07.

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.