First Citizens Bank & Trust Co. Sells 521 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

First Citizens Bank & Trust Co. lessened its position in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,249 shares of the aerospace company’s stock after selling 521 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Leidos were worth $3,815,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. KB Financial Partners LLC bought a new stake in shares of Leidos during the 1st quarter valued at about $25,000. Money Concepts Capital Corp increased its position in Leidos by 548.8% in the fourth quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock worth $28,000 after buying an additional 225 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Leidos in the first quarter valued at $27,000. Itau Unibanco Holding S.A. bought a new stake in Leidos during the third quarter valued at $30,000. Finally, Quarry LP lifted its stake in Leidos by 1,340.7% during the first quarter. Quarry LP now owns 389 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 362 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Gary Stephen May sold 2,745 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Price Performance

Shares of LDOS traded down $1.29 during trading hours on Tuesday, hitting $129.13. The stock had a trading volume of 130,693 shares, compared to its average volume of 817,268. Leidos Holdings, Inc. has a 52 week low of $76.58 and a 52 week high of $131.50. The company’s fifty day moving average is $122.55 and its two-hundred day moving average is $109.33. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 91.85, a P/E/G ratio of 1.81 and a beta of 0.70.

Leidos (NYSE:LDOSGet Free Report) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the company posted $1.83 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Leidos Holdings, Inc. will post 7.75 EPS for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.18%. Leidos’s dividend payout ratio (DPR) is 107.04%.

Analysts Set New Price Targets

A number of research analysts have weighed in on LDOS shares. Royal Bank of Canada upped their target price on Leidos from $105.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Bank of America increased their price target on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Finally, Truist Financial upped their price target on Leidos from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $129.91.

View Our Latest Analysis on LDOS

Leidos Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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