44 Wealth Management LLC Sells 337 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

44 Wealth Management LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,580 shares of the aerospace company’s stock after selling 337 shares during the quarter. 44 Wealth Management LLC’s holdings in Leidos were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LDOS. Foundations Investment Advisors LLC boosted its stake in Leidos by 6.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 99 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Leidos by 24,194.3% during the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after acquiring an additional 375,495 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Leidos by 12.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,879 shares of the aerospace company’s stock valued at $795,000 after buying an additional 524 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Leidos by 14.5% in the third quarter. Assenagon Asset Management S.A. now owns 4,980 shares of the aerospace company’s stock valued at $812,000 after buying an additional 632 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in Leidos in the third quarter valued at approximately $239,000. Institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday. UBS Group cut their price target on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Citigroup lifted their price target on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price target on shares of Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $176.27.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Price Performance

Shares of LDOS opened at $126.66 on Friday. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $123.22 and a 1-year high of $202.90. The company’s fifty day simple moving average is $144.89 and its 200 day simple moving average is $156.76. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Leidos’s dividend payout ratio (DPR) is 17.32%.

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.