Leidos Holdings, Inc. $LDOS Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 95.0% during the third quarter, Holdings Channel.com reports. The fund owned 2,157 shares of the aerospace company’s stock after selling 40,590 shares during the period. Insight Wealth Strategies LLC’s holdings in Leidos were worth $263,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LDOS. Diamant Asset Management Inc. raised its holdings in Leidos by 16,475.4% during the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after purchasing an additional 4,131,706 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Leidos in the 1st quarter valued at $20,225,000. Empowered Funds LLC boosted its stake in shares of Leidos by 169.0% in the 1st quarter. Empowered Funds LLC now owns 144,847 shares of the aerospace company’s stock valued at $22,527,000 after purchasing an additional 90,991 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Leidos during the second quarter worth $1,024,436,000. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in Leidos by 391.9% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,902 shares of the aerospace company’s stock worth $2,473,000 after buying an additional 12,669 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Activity at Leidos

In related news, Director Noel B. Geer sold 10,000 shares of Leidos stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary May sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the transaction, the director owned 10,204 shares in the company, valued at approximately $1,437,233.40. The trade was a 8.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several recent analyst reports. Robert W. Baird set a $150.00 target price on shares of Leidos in a report on Wednesday, August 5th. Bank of America lifted their price objective on Leidos from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, September 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Leidos in a research note on Friday, September 4th. Jefferies Financial Group cut their target price on Leidos from $145.00 to $130.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Wall Street Zen upgraded Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Leidos currently has a consensus rating of “Hold” and an average price target of $156.14.

Leidos Stock Up 2.0%

NYSE:LDOS traded up $2.35 during trading hours on Friday, reaching $121.56. The company had a trading volume of 354,319 shares, compared to its average volume of 1,318,006. Leidos Holdings, Inc. has a twelve month low of $98.86 and a twelve month high of $205.77. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 0.58. The business’s 50-day simple moving average is $131.13 and its two-hundred day simple moving average is $129.45.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Monday, August 3rd. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.21 EPS. On average, equities analysts expect that Leidos Holdings, Inc. will post 12.28 earnings per share for the current year.

Leidos announced that its board has authorized a share buyback program on Friday, July 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.43 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. Leidos’s payout ratio is currently 16.04%.

Leidos Company Profile

Leidos Holdings, Inc is a technology, engineering and services company that provides solutions to government and commercial customers. The company operates primarily in the defense, intelligence, civil and health markets, supporting customers with mission-critical systems, digital modernization, cybersecurity, data analytics and technical services.

Its offerings include defense and intelligence technologies, command-and-control systems, transportation and infrastructure solutions, health information technology, aviation and security services, and scientific and engineering support.