Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 76.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,344 shares of the aerospace company’s stock after selling 11,112 shares during the quarter. Cresset Asset Management LLC’s holdings in Leidos were worth $482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LDOS. Barclays PLC boosted its position in shares of Leidos by 53.1% in the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock worth $93,891,000 after buying an additional 199,686 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares during the period. Czech National Bank increased its position in shares of Leidos by 5.4% during the fourth quarter. Czech National Bank now owns 28,931 shares of the aerospace company’s stock worth $4,168,000 after acquiring an additional 1,489 shares during the last quarter. Brookstone Capital Management increased its position in shares of Leidos by 16.7% during the fourth quarter. Brookstone Capital Management now owns 4,978 shares of the aerospace company’s stock worth $717,000 after acquiring an additional 714 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Leidos during the fourth quarter worth about $564,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LDOS shares. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 30th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. UBS Group boosted their price objective on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Truist Financial lowered their price objective on Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.69.

Leidos Stock Performance

Shares of LDOS stock opened at $153.23 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average of $141.33 and a two-hundred day moving average of $149.16. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a market cap of $19.72 billion, a P/E ratio of 16.58, a PEG ratio of 1.65 and a beta of 0.65.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 earnings per share. As a group, analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. Leidos’s dividend payout ratio is presently 16.10%.

Leidos Company 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.