Cresset Asset Management LLC Decreases Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Cresset Asset Management LLC trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 76.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,344 shares of the aerospace company's stock after selling 11,112 shares during the period. Cresset Asset Management LLC's holdings in Leidos were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Leidos by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after buying an additional 84,003 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Geode Capital Management LLC boosted its position in shares of Leidos by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after purchasing an additional 27,410 shares during the period. Invesco Ltd. boosted its position in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after purchasing an additional 155,481 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of LDOS stock opened at $153.23 on Thursday. The company has a market cap of $19.72 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The stock has a 50 day simple moving average of $141.33 and a 200-day simple moving average of $149.16. Leidos Holdings, Inc. has a 12-month low of $123.62 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.

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, topping analysts' consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion for 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 company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Analysts Set New Price Targets

A number of analysts recently issued reports on LDOS shares. UBS Group upped their target price on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Truist Financial reduced their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company upped their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus target price of $180.69.

Insider Buying and Selling at Leidos

In other 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 transaction of $193,187.50. Following the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the 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 transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

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.

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