Weil Company Inc. Reduces Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Weil Company Inc. cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 73.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,276 shares of the aerospace company's stock after selling 6,424 shares during the period. Weil Company Inc.'s holdings in Leidos were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Leidos in the 3rd quarter worth $29,000. Northwest Investment Counselors LLC bought a new position in shares of Leidos in the 3rd quarter worth $30,000. 1832 Asset Management L.P. bought a new position in shares of Leidos in the 2nd quarter worth $34,000. Blue Trust Inc. raised its position in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock worth $45,000 after acquiring an additional 169 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares of the company's stock, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Leidos Price Performance

LDOS stock traded up $2.97 during mid-day trading on Monday, reaching $201.39. 1,121,318 shares of the company's stock were exchanged, compared to its average volume of 863,166. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The stock's 50 day moving average is $166.61 and its 200 day moving average is $153.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 12-month low of $102.72 and a 12-month high of $201.99.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 earnings per share. On average, research analysts expect that Leidos Holdings, Inc. will post 10.09 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, December 13th. This is an increase from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is 17.31%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LDOS. Barclays boosted their price target on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their target price on Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Citigroup boosted their target price on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Truist Financial boosted their target price on Leidos from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Bank of America boosted their target price on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $191.23.

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.