Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,341 shares of the aerospace company's stock after selling 2,001 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Leidos worth $10,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LDOS. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 worth $1,800,000 after acquiring an additional 3,534 shares in the last quarter. Fiduciary Trust Co raised its position in shares of Leidos by 36.4% during the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock worth $3,902,000 after acquiring an additional 6,395 shares in the last quarter. Atria Investments Inc raised its position in shares of Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock worth $1,440,000 after acquiring an additional 4,421 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Leidos by 51.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock worth $136,491,000 after acquiring an additional 283,558 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Leidos by 21.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company's stock worth $8,992,000 after acquiring an additional 9,710 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group cut their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird raised their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and dropped their price target for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald assumed coverage on Leidos in a research note on Friday, February 7th. They set an "overweight" rating and a $185.00 price target on the stock. Finally, Truist Financial dropped their price target on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Five 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $176.27.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This trade represents 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 Price Performance

Shares of NYSE:LDOS traded down $1.34 on Thursday, hitting $130.17. The company had a trading volume of 1,953,865 shares, compared to its average volume of 1,481,271. 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 Holdings, Inc. has a 52-week low of $122.76 and a 52-week high of $202.90. The business has a 50 day moving average of $145.35 and a 200 day moving average of $156.95. The company has a market cap of $17.07 billion, a PE ratio of 14.09, a PEG ratio of 1.67 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share 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 paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.23%. Leidos's dividend payout ratio is presently 17.32%.

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.