Guggenheim Capital LLC Sells 100,167 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Guggenheim Capital LLC trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 97.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,192 shares of the aerospace company's stock after selling 100,167 shares during the period. Guggenheim Capital LLC's holdings in Leidos were worth $316,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in LDOS. Verdence Capital Advisors LLC raised its stake in shares of Leidos by 4.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock worth $242,000 after buying an additional 77 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after buying an additional 77 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after buying an additional 86 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after buying an additional 95 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Leidos by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after buying an additional 100 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LDOS. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, TD Cowen downgraded shares of 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus price target of $179.23.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the firm'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 completion of the sale, the director now owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was 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 directly 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. Corporate insiders own 0.96% of the company's stock.

Leidos Price Performance

Shares of LDOS stock traded up $1.76 during midday trading on Tuesday, reaching $147.51. 1,146,454 shares of the company were exchanged, compared to its average volume of 1,213,881. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a market cap of $18.91 billion, a P/E ratio of 15.96, a PEG ratio of 1.65 and a beta of 0.66. The company's 50 day moving average price is $136.32 and its two-hundred day moving average price is $150.28. 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 (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS 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%. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, March 14th. 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.