Cutter & CO Brokerage Inc. Cuts Position in Leidos Holdings, Inc. (NYSE:LDOS)

Cutter & CO Brokerage Inc. cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,392 shares of the aerospace company’s stock after selling 97 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Leidos were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Rakuten Securities Inc. grew 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 acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Leidos in the third quarter worth $29,000. Berbice Capital Management LLC purchased a new position in Leidos in the fourth quarter worth $29,000. Mather Group LLC. boosted its position in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC purchased a new stake in Leidos during the fourth quarter valued at about $52,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Price Performance

LDOS stock opened at $130.55 on Wednesday. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90. The company has a market cap of $17.12 billion, a P/E ratio of 14.13, a PEG ratio of 1.65 and a beta of 0.66. The firm has a 50-day moving average of $143.49 and a 200 day moving average of $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 (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the subject of several analyst reports. Truist Financial cut their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Barclays upped their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and an average target price of $176.27.

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.