Tower Research Capital LLC TRC Cuts Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Tower Research Capital LLC TRC trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 10,336 shares of the aerospace company’s stock after selling 627 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Leidos were worth $1,489,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LDOS. Duncker Streett & Co. Inc. bought a new stake in Leidos in the 4th quarter worth approximately $27,000. Berbice Capital Management LLC purchased a new position in shares of Leidos in the fourth quarter valued at $29,000. Mather Group LLC. increased its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Human Investing LLC purchased a new stake in Leidos during the fourth quarter valued at $52,000. Finally, Vision Financial Markets LLC bought a new position in Leidos during the fourth quarter valued at $57,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of LDOS stock opened at $142.10 on Thursday. The company’s 50-day simple moving average is $135.47 and its two-hundred day simple moving average is $150.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a market capitalization of $18.22 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, March 14th. Leidos’s payout ratio is 17.32%.

Insider Buying and Selling at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

LDOS has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 14th. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Wells Fargo & Company decreased their price target on Leidos from $191.00 to $173.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.23.

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.