Sherbrooke Park Advisers LLC Sells 3,667 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Sherbrooke Park Advisers LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,203 shares of the aerospace company's stock after selling 3,667 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Leidos were worth $461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LDOS. Verdence Capital Advisors LLC boosted its position in shares of Leidos by 4.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after buying an additional 77 shares during the period. Fifth Third Bancorp boosted its stake in Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after acquiring an additional 86 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Leidos by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after purchasing an additional 100 shares during the period. Finally, Somerset Trust Co increased its stake in Leidos by 4.3% in the fourth quarter. Somerset Trust Co now owns 2,534 shares of the aerospace company's stock valued at $365,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the transaction, the director now owns 20,195 shares of the company's stock, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.96% of the company's stock.

Analyst Ratings Changes

LDOS has been the subject of a number of research analyst reports. Truist Financial decreased their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Royal Bank of Canada raised their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $180.69.

Leidos Stock Performance

Shares of NYSE LDOS traded down $1.22 during trading on Wednesday, reaching $159.08. 1,282,478 shares of the stock traded hands, compared to its average volume of 1,219,815. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a 50-day moving average of $143.29 and a 200-day moving average of $148.31. The stock has a market capitalization of $20.48 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

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

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. Leidos's dividend payout ratio is currently 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.