Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 66.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 56,525 shares of the aerospace company’s stock after selling 112,978 shares during the period. Point72 Asset Management L.P.’s holdings in Leidos were worth $8,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LDOS. Key Financial Inc boosted its position in Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 70 shares during the period. Bleakley Financial Group LLC lifted its holdings in Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after purchasing an additional 76 shares during the period. Somerset Trust Co increased its stake in Leidos by 4.7% during the 2nd quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock valued at $342,000 after buying an additional 106 shares during the period. UMB Bank n.a. increased its stake in Leidos by 3.1% during the 2nd quarter. UMB Bank n.a. now owns 3,569 shares of the aerospace company’s stock valued at $521,000 after buying an additional 107 shares during the period. Finally, Czech National Bank raised its position in shares of Leidos by 0.5% during the 1st quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after buying an additional 111 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Leidos 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 transaction of $144,020.00. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the company’s 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 completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company upped their price objective on Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday. Royal Bank of Canada lifted their target price on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Finally, TD Cowen upped their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $164.00.

Leidos Price Performance

LDOS stock opened at $165.01 on Wednesday. Leidos Holdings, Inc. has a one year low of $89.22 and a one year high of $165.49. The firm has a 50-day moving average of $152.51 and a two-hundred day moving average of $144.68. The firm has a market capitalization of $22.23 billion, a PE ratio of 71.13, a P/E/G ratio of 1.43 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.

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

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, September 13th. Leidos’s payout ratio is 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.