Tower Bridge Advisors Sells 400 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Tower Bridge Advisors cut its position in Leidos Holdings, Inc. (NYSE:LDOS) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,137 shares of the aerospace company’s stock after selling 400 shares during the period. Tower Bridge Advisors’ holdings in Leidos were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its holdings in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Leidos during the third quarter worth about $29,000. Berbice Capital Management LLC bought a new stake in Leidos during the 4th quarter valued at approximately $29,000. Mather Group LLC. lifted its holdings in 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 purchasing an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new position in Leidos in the 4th quarter worth approximately $52,000. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LDOS. Truist Financial reduced their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a report on Tuesday. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, UBS Group dropped their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.87.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $129.92 on Friday. The company has a market cap of $17.04 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 0.66. The business’s 50 day moving average price is $142.59 and its 200-day moving average price is $156.16. Leidos Holdings, Inc. has a fifty-two week low of $123.22 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share 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%. Sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Leidos’s payout ratio is currently 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.