Seelaus Asset Management LLC Sells 200 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Seelaus Asset Management LLC trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,390 shares of the aerospace company’s stock after selling 200 shares during the period. Seelaus Asset Management LLC’s holdings in Leidos were worth $390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after purchasing an additional 283,558 shares during the period. Twin Tree Management LP acquired a new position in Leidos during the first quarter worth $2,512,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Leidos by 188.2% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after buying an additional 5,403 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Leidos by 21.4% in the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Leidos by 97.2% during the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after buying an additional 6,360 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Performance

LDOS stock opened at $160.63 on Friday. The firm has a market cap of $21.43 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.68. The stock has a 50-day moving average price of $169.55 and a 200-day moving average price of $155.45. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 1-year low of $104.63 and a 1-year high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 earnings per share. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is 17.31%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Truist Financial increased their target price on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup boosted their price objective on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Bank of America boosted their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Barclays raised their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $191.23.

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.