TD Private Client Wealth LLC Sells 1,584 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

TD Private Client Wealth LLC lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LDOS. Norges Bank purchased a new stake in Leidos in the 4th quarter worth approximately $266,419,000. Alliancebernstein L.P. lifted its holdings in Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after buying an additional 835,930 shares during the period. 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 buying an additional 682,532 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Leidos by 435.1% in the 4th 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 during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Leidos by 151.6% in the 4th 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 during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Down 1.0%

Shares of Leidos stock traded down $1.71 on Friday, reaching $161.30. The company's stock had a trading volume of 246,412 shares, compared to its average volume of 1,275,290. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.96 and a beta of 0.64. The firm's fifty day simple moving average is $153.42 and its two-hundred day simple moving average is $144.88. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS - Get Free Report) last posted its 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. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 EPS. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

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

Insider Activity at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 completion of the sale, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LDOS shares. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Royal Bank Of Canada raised their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. 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 note on Tuesday, May 27th. Truist Financial lowered their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $177.46.

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.