National Bank of Canada FI Sells 109,925 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

National Bank of Canada FI lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 62.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,922 shares of the aerospace company's stock after selling 109,925 shares during the quarter. National Bank of Canada FI owned 0.05% of Leidos worth $9,641,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Leidos in the fourth quarter worth $266,419,000. Alliancebernstein L.P. lifted its position in Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after buying an additional 835,930 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after buying an additional 405,256 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after acquiring an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after acquiring an additional 330,623 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

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Analyst Ratings Changes

LDOS has been the subject of a number of analyst reports. UBS Group decreased their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and decreased their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. StockNews.com upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.79.

Leidos Stock Performance

LDOS stock traded down $1.93 during trading hours on Thursday, hitting $137.80. 313,228 shares of the stock were exchanged, compared to its average volume of 1,191,649. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $17.67 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a 50-day simple moving average of $135.08 and a two-hundred day simple moving average of $152.35.

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, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction dated 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 directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company'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 transaction of $203,320.16. Following 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. Insiders own 0.96% of the company's stock.

About Leidos

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.