Natixis Advisors LLC Sells 11,239 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Natixis Advisors LLC reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 169,566 shares of the aerospace company's stock after selling 11,239 shares during the quarter. Natixis Advisors LLC owned 0.13% of Leidos worth $24,428,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new position in shares of Leidos during the 4th quarter valued at $27,000. Berbice Capital Management LLC bought a new stake in Leidos in the 4th quarter valued at about $29,000. Mather Group LLC. lifted its holdings in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Human Investing LLC bought a new position in Leidos during the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Leidos in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Price Performance

NYSE:LDOS traded down $1.19 during mid-day trading on Friday, reaching $133.66. The stock had a trading volume of 3,989,747 shares, compared to its average volume of 1,082,379. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a 50 day moving average price of $139.69 and a two-hundred day moving average price of $154.48. The stock has a market capitalization of $17.14 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.65 and a beta of 0.72.

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Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.53% and a return on equity of 30.93%. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Leidos's payout ratio is 17.32%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Truist Financial dropped their target price on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group cut Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and cut their target price for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus target price of $178.07.

Insider Activity

In related 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 legal filing with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, 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.

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.