Brevan Howard Capital Management LP Sells 17,005 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Brevan Howard Capital Management LP decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,989 shares of the aerospace company's stock after selling 17,005 shares during the period. Brevan Howard Capital Management LP's holdings in Leidos were worth $575,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos during the 4th quarter valued at $25,000. Duncker Streett & Co. Inc. bought a new stake in shares of Leidos in the fourth quarter worth $27,000. Berbice Capital Management LLC purchased a new stake in Leidos during the fourth quarter valued at $29,000. Mather Group LLC. boosted its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Human Investing LLC bought a new stake in shares of Leidos during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LDOS. UBS Group raised their price objective on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price target on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Truist Financial lowered their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.69.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,889 shares of company stock valued at $675,786 in the last three months. Corporate insiders own 0.69% of the company's stock.

Leidos Stock Up 0.8 %

LDOS opened at $155.90 on Friday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a 50-day simple moving average of $140.16 and a two-hundred day simple moving average of $149.45. The company has a market capitalization of $19.99 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.03%. Leidos's dividend payout ratio (DPR) is currently 17.32%.

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.

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