Park Avenue Securities LLC Sells 94 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Park Avenue Securities LLC lessened its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,312 shares of the aerospace company’s stock after selling 94 shares during the quarter. Park Avenue Securities LLC’s holdings in Leidos were worth $540,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LDOS. 1832 Asset Management L.P. acquired a new position in Leidos during the 2nd quarter valued at about $34,000. Blue Trust Inc. raised its stake in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after buying an additional 169 shares during the period. Family Firm Inc. bought a new position in Leidos in the second quarter valued at approximately $60,000. Finally, Tributary Capital Management LLC acquired a new stake in Leidos during the 1st quarter worth $64,000. Institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LDOS. Bank of America increased their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Company raised their target price on Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Barclays upped their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, TD Cowen upped their target price on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.92.

Insider Buying and Selling at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, 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 owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Arthur Bell purchased 1,712 shares of Leidos stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Up 1.6 %

Shares of LDOS stock opened at $167.20 on Friday. Leidos Holdings, Inc. has a 12-month low of $90.30 and a 12-month high of $168.02. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $154.95 and a 200-day moving average of $146.29. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 72.07, a P/E/G ratio of 1.50 and a beta of 0.70.

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 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 firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business earned $1.80 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, September 13th. Leidos’s dividend payout ratio is presently 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.