M&T Bank Corp Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

M&T Bank Corp reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,253 shares of the aerospace company's stock after selling 2,173 shares during the period. M&T Bank Corp's holdings in Leidos were worth $1,923,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new position in Leidos in the 1st quarter worth approximately $267,000. Invesco Ltd. lifted its holdings in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares in the last quarter. MidWestOne Financial Group Inc. lifted its holdings in Leidos by 47.8% in the 4th quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after purchasing an additional 6,418 shares in the last quarter. LBP AM SA lifted its holdings in Leidos by 54.8% in the 4th quarter. LBP AM SA now owns 21,665 shares of the aerospace company's stock worth $3,121,000 after purchasing an additional 7,665 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Leidos by 1.1% in the 4th quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock worth $63,026,000 after purchasing an additional 4,903 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company'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 transaction, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Stifel Nicolaus set a $178.00 price target on Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. UBS Group upped their price objective on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a report on Tuesday, May 27th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $177.46.

Leidos Trading Down 0.6%

Shares of NYSE LDOS traded down $0.93 during trading hours on Friday, hitting $162.07. 698,420 shares of the company traded hands, compared to its average volume of 1,280,556. The company's 50 day moving average price is $153.69 and its 200 day moving average price is $144.99. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. Leidos's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

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.