Yousif Capital Management LLC Cuts Position in Leidos Holdings, Inc. (NYSE:LDOS)

Yousif Capital Management LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,666 shares of the aerospace company’s stock after selling 2,862 shares during the period. Yousif Capital Management LLC’s holdings in Leidos were worth $1,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Leidos in the fourth quarter valued at approximately $28,000. Itau Unibanco Holding S.A. purchased a new position in Leidos in the third quarter valued at approximately $30,000. Lindbrook Capital LLC lifted its stake in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Friedenthal Financial purchased a new position in Leidos in the fourth quarter valued at approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Leidos in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on LDOS. Truist Financial restated a “buy” rating and set a $165.00 target price (up previously from $150.00) on shares of Leidos in a research report on Wednesday. Barclays upgraded Leidos from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Wells Fargo & Company increased their target price on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada increased their target price on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.17.

Leidos Trading Up 1.4 %

Leidos stock opened at $142.21 on Thursday. The stock has a market cap of $19.22 billion, a P/E ratio of 61.30, a PEG ratio of 1.75 and a beta of 0.66. Leidos Holdings, Inc. has a fifty-two week low of $76.58 and a fifty-two week high of $142.90. The firm’s fifty day moving average price is $128.44 and its 200-day moving average price is $114.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 earnings per share. Equities research analysts forecast that Leidos Holdings, Inc. will post 8.6 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. Leidos’s dividend payout ratio is presently 65.52%.

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.