Leidos Holdings, Inc. $LDOS Shares Sold by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP reduced its stake in Leidos Holdings by 63.5%, now holding 1,737 shares valued at $234,000.
• Leidos reported earnings per share of $3.21 for the latest quarter, exceeding the consensus estimate of $2.63.
• The company declared a quarterly dividend of $0.40 per share, with a payout on September 30th, indicating an annualized yield of 0.9%.

Aigen Investment Management LP trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 63.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,737 shares of the aerospace company's stock after selling 3,016 shares during the period. Aigen Investment Management LP's holdings in Leidos were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos in the fourth quarter valued at about $25,000. REAP Financial Group LLC boosted its holdings in shares of Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 152 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Leidos in the first quarter valued at about $27,000. Optimum Investment Advisors boosted its holdings in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Leidos in the first quarter valued at about $33,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a report on Tuesday, May 27th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and raised their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Citigroup reiterated a "buy" rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, Wells Fargo & Company raised their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $179.46.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the sale, the director directly owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the sale, the director directly owned 10,137 shares of the company's stock, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,478 shares of company stock valued at $1,852,525. Corporate insiders own 0.96% of the company's stock.

Leidos Trading Up 0.3%

LDOS stock traded up $0.56 on Monday, hitting $178.19. 338,680 shares of the company were exchanged, compared to its average volume of 1,374,401. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The business's fifty day moving average is $161.00 and its two-hundred day moving average is $148.21. The stock has a market capitalization of $22.86 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business posted $2.63 earnings per share. Leidos's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos's payout ratio is 15.12%.

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.