Loomis Sayles & Co. L P Sells 70,350 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Loomis Sayles & Co. L P reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 83.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,613 shares of the aerospace company's stock after selling 70,350 shares during the period. Loomis Sayles & Co. L P's holdings in Leidos were worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after acquiring an additional 522,764 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after purchasing an additional 377,756 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Leidos by 151.6% during the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock worth $79,053,000 after buying an additional 330,623 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Leidos in the fourth quarter worth approximately $40,402,000. Institutional investors and hedge funds own 76.12% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered Leidos from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. UBS Group dropped their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price target 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. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.07.

Leidos Stock Down 0.1 %

NYSE LDOS traded down $0.17 on Tuesday, reaching $134.77. The stock had a trading volume of 1,512,474 shares, compared to its average volume of 1,148,326. 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 1 year low of $123.23 and a 1 year high of $202.90. The business has a 50 day moving average price of $137.11 and a 200 day moving average price of $153.52. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data 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 return on equity of 30.93% and a net margin of 7.53%. On average, analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's payout ratio is presently 17.32%.

Insider Buying and Selling

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction that occurred 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 owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.