By otakuyassine3@gmail.com 
Fonville Wealth Management LLC reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,429 shares of the aerospace company’s stock after selling 140 shares during the quarter. Fonville Wealth Management LLC’s holdings in Leidos were worth $206,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LDOS. Ballentine Partners LLC boosted its stake in shares of Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after buying an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. boosted its position in Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp grew its stake in Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after purchasing an additional 86 shares in the last quarter. Contravisory Investment Management Inc. increased its position in Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after purchasing an additional 95 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of 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 purchasing an additional 99 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Leidos
In other news, Director Noel B. Geer bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $322,260. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on LDOS shares. Citigroup increased their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial cut their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and cut their target price for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Robert W. Baird increased their price objective on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and reduced their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.
Check Out Our Latest Report on Leidos
Leidos Price Performance
NYSE:LDOS opened at $142.34 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a one year low of $112.53 and a one year high of $202.90. The company has a fifty day moving average price of $149.74 and a 200 day moving average price of $157.72. The stock has a market cap of $18.99 billion, a P/E ratio of 16.21, a PEG ratio of 0.92 and a beta of 0.66.
Leidos Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. Leidos’s dividend payout ratio is currently 18.22%.
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.
See Also
Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS – Free Report).
Receive News & Ratings for Leidos Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Leidos and related companies with MarketBeat.com’s FREE daily email newsletter.