Seelaus Asset Management LLC Sells 200 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Seelaus Asset Management LLC trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 7.7% during the third quarter, HoldingsChannel reports. The firm owned 2,390 shares of the aerospace company’s stock after selling 200 shares during the quarter. Seelaus Asset Management LLC’s holdings in Leidos were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rakuten Securities Inc. increased its position in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Leidos in the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC bought a new stake in Leidos in the 3rd quarter valued at about $30,000. 1832 Asset Management L.P. purchased a new stake in Leidos during the second quarter valued at about $34,000. Finally, Blue Trust Inc. boosted its position in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

NYSE LDOS opened at $160.63 on Friday. Leidos Holdings, Inc. has a 52-week low of $104.63 and a 52-week high of $202.90. The company has a fifty day moving average of $169.55 and a 200-day moving average of $155.45. The company has a market capitalization of $21.43 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 earnings per share. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Bank of America increased their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen raised their target price on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and a consensus target price of $191.23.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

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.