Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.9% in the first quarter, HoldingsChannel reports. The firm owned 2,036 shares of the aerospace company’s stock after selling 356 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Leidos were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Leidos by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock worth $2,225,784,000 after acquiring an additional 84,003 shares during the period. Geode Capital Management LLC boosted its position in Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company’s stock worth $487,649,000 after acquiring an additional 27,410 shares during the period. Invesco Ltd. boosted its position in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after acquiring an additional 682,532 shares during the period. First Trust Advisors LP boosted its position in Leidos by 8.9% during the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company’s stock worth $273,920,000 after acquiring an additional 155,481 shares during the period. Finally, Norges Bank acquired a new position in Leidos during the 4th quarter worth $266,419,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LDOS shares. Baird R W lowered Leidos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Robert W. Baird lowered Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective for the company. in a report on Tuesday, May 27th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a “buy” rating in a report on Tuesday, June 24th. Wall Street Zen upgraded Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 5th. Finally, Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.15.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company’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 of the company’s stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Leidos Trading Up 1.1%

Shares of NYSE LDOS opened at $163.78 on Tuesday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.96 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $154.01 and a 200-day simple moving average of $145.12.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating 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 business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the business posted $2.29 earnings per share. Leidos’s revenue was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, June 16th. Leidos’s payout ratio is 16.10%.

Leidos Company 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.