Louisbourg Investments Inc. Reduces Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Louisbourg Investments Inc. reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,206 shares of the aerospace company's stock after selling 7,974 shares during the quarter. Louisbourg Investments Inc.'s holdings in Leidos were worth $3,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ballentine Partners LLC grew its position in Leidos by 3.5% during the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company's stock valued at $297,000 after acquiring an additional 62 shares during the last quarter. Asahi Life Asset Management CO. LTD. lifted its position in Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company's stock valued at $372,000 after buying an additional 70 shares during the period. Fifth Third Bancorp lifted its position in Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after buying an additional 86 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after purchasing an additional 95 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Leidos by 6.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company's stock worth $274,000 after purchasing an additional 99 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of NYSE LDOS traded up $1.57 during trading hours on Friday, reaching $132.22. The stock had a trading volume of 1,752,327 shares, compared to its average volume of 1,277,481. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.92 and a beta of 0.66. 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 Holdings, Inc. has a fifty-two week low of $120.98 and a fifty-two week high of $202.90. The firm has a 50-day moving average of $147.55 and a 200-day moving average of $157.29.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Equities research analysts predict that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Leidos's payout ratio is 18.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LDOS shares. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday. The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and cut their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Robert W. Baird boosted their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Truist Financial decreased their price objective on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.27.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm'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 of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

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.