Natixis Advisors LLC Sells 11,239 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Natixis Advisors LLC reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,566 shares of the aerospace company’s stock after selling 11,239 shares during the period. Natixis Advisors LLC owned 0.13% of Leidos worth $24,428,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LDOS. Private Advisor Group LLC boosted its holdings in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after buying an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after acquiring an additional 3,534 shares during the period. Fiduciary Trust Co grew its position in shares of Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. bought a new stake in Leidos during the 4th quarter valued at approximately $1,979,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Leidos in the 3rd quarter worth approximately $4,622,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Price Performance

Leidos stock opened at $138.35 on Tuesday. The firm has a market capitalization of $17.74 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12-month low of $123.23 and a 12-month high of $202.90. The firm has a 50-day moving average price of $140.22 and a 200-day moving average price of $154.88. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 1.16%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and reduced their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.87.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of Leidos 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 sale, the director now directly 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 disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Company Profile

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.