Natixis Advisors LLC Has $22.28 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Natixis Advisors LLC reduced its stake in Leidos Holdings, Inc. by 2.6%, holding approximately $22.28 million worth of shares after selling 4,465 shares recently.
• The company reported $2.97 earnings per share for the quarter, exceeding analysts' expectations of $2.47, with revenue increasing by 6.8% year-over-year.
• Leidos announced a quarterly dividend of $0.40 per share, marking an annualized dividend of $1.60 with a yield of 1.0%.

Natixis Advisors LLC lowered its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,101 shares of the aerospace company's stock after selling 4,465 shares during the quarter. Natixis Advisors LLC owned 0.13% of Leidos worth $22,279,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos in the 4th quarter valued at approximately $25,000. REAP Financial Group LLC boosted its holdings in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Leidos in the 1st quarter valued at approximately $27,000. Optimum Investment Advisors boosted its holdings in shares of Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Leidos in the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Citigroup reaffirmed a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. UBS Group raised their price target on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company raised their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.15.

Leidos Price Performance

Shares of NYSE LDOS traded up $1.92 during mid-day trading on Monday, reaching $161.12. The company had a trading volume of 1,303,543 shares, compared to its average volume of 728,907. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.92 and a beta of 0.65. The business's 50-day simple moving average is $155.43 and its 200 day simple moving average is $146.43.

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

Leidos Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Insider Activity at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director directly owned 20,195 shares of the company's stock, 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 filing with the SEC, which is available through this link. Insiders own 0.69% of the company's stock.

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.