MeadowBrook Investment Advisors LLC Sells 510 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

MeadowBrook Investment Advisors LLC reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 22.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,800 shares of the aerospace company’s stock after selling 510 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Leidos were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of LDOS. Norges Bank bought a new position in Leidos during the 4th quarter worth about $266,419,000. Alliancebernstein L.P. raised its holdings in shares of Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after acquiring an additional 835,930 shares during the period. Invesco Ltd. grew its position in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after acquiring an additional 682,532 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Leidos by 435.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock valued at $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company’s stock valued at $79,053,000 after purchasing an additional 330,623 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Trading Down 1.4%

Shares of NYSE:LDOS opened at $162.16 on Wednesday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The stock’s fifty day moving average price is $152.79 and its 200-day moving average price is $144.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The company has a market cap of $20.87 billion, a P/E ratio of 16.31, a PEG ratio of 1.99 and a beta of 0.64.

Leidos (NYSE:LDOS) 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 business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the business posted $2.29 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

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

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wall Street Zen upgraded Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Royal Bank Of Canada lifted their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. UBS Group boosted their target price on shares of Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. 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, Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a “buy” rating in a report on Tuesday, June 24th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.