TD Private Client Wealth LLC Cuts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

TD Private Client Wealth LLC reduced its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,213 shares of the aerospace company's stock after selling 1,584 shares during the quarter. TD Private Client Wealth LLC's holdings in Leidos were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Leidos in the fourth quarter valued at $266,419,000. Alliancebernstein L.P. grew its position in shares of Leidos by 510.6% in the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Invesco Ltd. grew its position in Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after buying an additional 682,532 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after buying an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Leidos by 151.6% during the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock worth $79,053,000 after buying an additional 330,623 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on LDOS shares. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research report on Tuesday, May 27th. UBS Group lifted their price target on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada lifted their price target on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial dropped their price target on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on 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%

LDOS traded down $0.93 during midday trading on Friday, reaching $162.07. 698,420 shares of the company's stock traded hands, compared to its average volume of 1,280,556. The firm has a fifty day moving average of $153.69 and a two-hundred day moving average of $144.99. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.96 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90.

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio is currently 16.10%.

About Leidos

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.