Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 5.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,426 shares of the aerospace company’s stock after selling 1,018 shares during the quarter. M&T Bank Corp’s holdings in Leidos were worth $2,367,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. grew its stake in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares during the period. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos during the 4th quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Leidos during the 3rd quarter worth $29,000. Berbice Capital Management LLC acquired a new position in shares of Leidos during the 4th quarter worth $29,000. Finally, Mather Group LLC. grew its stake in shares of Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 156 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction dated 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 owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’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 transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Price Performance

NYSE:LDOS opened at $139.49 on Monday. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average is $141.41 and its two-hundred day moving average is $155.74. Leidos Holdings, Inc. has a 12-month low of $123.22 and a 12-month high of $202.90.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. Leidos’s dividend payout ratio (DPR) is 17.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LDOS shares. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group lowered 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. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Truist Financial lowered their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Six 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.87.

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.