Pacer Advisors Inc. lessened its position in Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 18.6% in the first quarter, HoldingsChannel.com reports. The fund owned 10,027 shares of the aerospace company’s stock after selling 2,296 shares during the period. Pacer Advisors Inc.’s holdings in Leidos were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fulton Bank N.A. acquired a new stake in shares of Leidos during the 1st quarter worth about $283,000. Marks Group Wealth Management Inc lifted its stake in shares of Leidos by 12.0% during the 4th quarter. Marks Group Wealth Management Inc now owns 61,165 shares of the aerospace company’s stock worth $5,434,000 after buying an additional 6,560 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Leidos by 607.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,287 shares of the aerospace company’s stock worth $114,000 after buying an additional 1,105 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Leidos during the 4th quarter worth about $34,000. Finally, BlackRock Inc. lifted its stake in shares of Leidos by 5.7% during the 4th quarter. BlackRock Inc. now owns 13,783,464 shares of the aerospace company’s stock worth $1,225,350,000 after buying an additional 741,276 shares during the last quarter. 78.97% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on LDOS shares. Wells Fargo & Company cut shares of Leidos from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $97.00 to $113.00 in a research note on Thursday, March 24th. Truist Financial raised their target price on shares of Leidos from $108.00 to $120.00 in a research note on Wednesday, May 4th. The Goldman Sachs Group lifted their price objective on shares of Leidos from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. Barclays cut shares of Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective for the company. in a research note on Tuesday, June 7th. Finally, StockNews.com upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, April 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and a consensus price target of $113.71.
LDOS stock opened at $101.57 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 1.14. Leidos Holdings, Inc. has a 12 month low of $81.07 and a 12 month high of $111.12. The firm has a market cap of $13.88 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.18 and a beta of 0.73. The company’s 50-day moving average price is $102.88 and its two-hundred day moving average price is $98.55.
Leidos (NYSE:LDOS – Get Rating) last released its earnings results on Tuesday, May 3rd. The aerospace company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. Leidos had a net margin of 5.20% and a return on equity of 22.03%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period last year, the firm earned $1.73 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Leidos Holdings, Inc. will post 6.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, June 14th. Leidos’s dividend payout ratio is currently 28.29%.
In related news, insider James Robert Moos sold 516 shares of Leidos stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $98.56, for a total transaction of $50,856.96. Following the sale, the insider now directly owns 21,391 shares of the company’s stock, valued at approximately $2,108,296.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of Leidos stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $103.18, for a total transaction of $750,531.32. Following the sale, the director now directly owns 84,277 shares in the company, valued at $8,695,700.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,089 shares of company stock worth $1,548,441. Insiders own 1.67% of the company’s stock.
About Leidos (Get Rating)
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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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