Toronto Dominion Bank Cuts Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Toronto Dominion Bank cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,156 shares of the aerospace company’s stock after selling 11,032 shares during the period. Toronto Dominion Bank owned about 0.05% of Leidos worth $10,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Franklin Resources Inc. boosted its stake in shares of 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 period. Twin Tree Management LP acquired a new position in Leidos during the 1st quarter worth approximately $2,512,000. Leeward Investments LLC MA increased its position in shares of Leidos by 4.9% in the 1st quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock valued at $21,770,000 after purchasing an additional 7,703 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Leidos in the 1st quarter valued at $1,900,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Leidos by 97.2% during the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after purchasing an additional 6,360 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LDOS has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Bank of America raised their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays raised their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Truist Financial upped their target price on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.08.

Insider Transactions at Leidos

In other news, CEO Thomas Arthur Bell acquired 1,712 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the acquisition, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Up 0.8 %

Shares of NYSE:LDOS opened at $159.69 on Friday. Leidos Holdings, Inc. has a 1-year low of $89.22 and a 1-year high of $160.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The stock has a market cap of $21.51 billion, a P/E ratio of 68.83, a P/E/G ratio of 1.41 and a beta of 0.70. The firm has a fifty day moving average price of $151.91 and a 200 day moving average price of $143.72.

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

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, September 13th. Leidos’s payout ratio is currently 65.52%.

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.