Cutter & CO Brokerage Inc. Has $345,000 Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Cutter & CO Brokerage Inc. lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,392 shares of the aerospace company’s stock after selling 97 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Leidos were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LDOS. Rakuten Securities Inc. boosted its stake in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Leidos in the 3rd quarter worth approximately $29,000. Berbice Capital Management LLC purchased a new position in shares of Leidos in the 4th quarter worth approximately $29,000. Mather Group LLC. boosted its stake in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC purchased a new position in shares of Leidos in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, 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. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LDOS. Citigroup boosted their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. UBS Group cut their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Robert W. Baird lifted their price target on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Six 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 stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $176.27.

Leidos Trading Up 1.8 %

Shares of LDOS stock opened at $130.55 on Wednesday. The company’s fifty day simple moving average is $143.49 and its two-hundred day simple moving average is $156.63. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued 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%. As a group, analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm 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 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 1.23%. Leidos’s payout ratio is 17.32%.

About Leidos

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.