Cim Investment Management Inc. Lowers Position in Leidos Holdings, Inc. (NYSE:LDOS)

Cim Investment Management Inc. decreased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,357 shares of the aerospace company’s stock after selling 77 shares during the period. Leidos comprises about 0.6% of Cim Investment Management Inc.’s holdings, making the stock its 24th largest position. Cim Investment Management Inc.’s holdings in Leidos were worth $1,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its stake in Leidos by 18.3% in the 4th quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock valued at $8,082,000 after buying an additional 11,576 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Leidos during the first quarter valued at approximately $2,512,000. Leeward Investments LLC MA lifted its holdings in Leidos by 4.9% during the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after acquiring an additional 7,703 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in Leidos by 188.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after purchasing an additional 5,403 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Leidos in the 1st quarter valued at $1,900,000. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

NYSE:LDOS opened at $159.69 on Friday. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $160.32. The business’s fifty day moving average is $151.91 and its 200 day moving average is $143.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 68.83, a PEG ratio of 1.41 and a beta of 0.70.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the business earned $1.80 earnings per share. Leidos’s revenue was up 7.7% compared to the same quarter last year. Research analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, September 13th. Leidos’s dividend payout ratio is 65.52%.

Insider Buying and Selling

In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LDOS shares. Citigroup boosted their price target on shares of Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Royal Bank of Canada raised their price target on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays raised their target price on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average price target of $163.08.

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.