Leeward Investments LLC MA Trims Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Leeward Investments LLC MA lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,176 shares of the aerospace company's stock after selling 32,698 shares during the period. Leeward Investments LLC MA owned approximately 0.09% of Leidos worth $20,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Leidos in the third quarter worth $30,000. 1832 Asset Management L.P. purchased a new position in Leidos in the second quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after buying an additional 201 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock worth $45,000 after buying an additional 169 shares during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Leidos during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Down 0.8 %

Leidos stock traded down $1.57 on Thursday, hitting $192.63. 1,007,876 shares of the stock traded hands, compared to its average volume of 861,693. Leidos Holdings, Inc. has a 1 year low of $102.21 and a 1 year high of $198.99. The firm has a market cap of $25.70 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.48 and a beta of 0.68. The business's fifty day simple moving average is $165.11 and its 200 day simple moving average is $152.75. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. Leidos's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is a positive change from Leidos's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Leidos's dividend payout ratio (DPR) is presently 17.31%.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company's stock, valued at $1,185,095.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company's stock, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Finally, TD Cowen raised their price objective on Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.23.

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.