Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,426 shares of the aerospace company’s stock after selling 1,018 shares during the period. M&T Bank Corp’s holdings in Leidos were worth $2,367,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of Leidos by 83.0% during the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after acquiring an additional 3,703 shares during the last quarter. 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 valued at $1,800,000 after purchasing an additional 3,534 shares during the period. Fiduciary Trust Co boosted its stake in shares of Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after purchasing an additional 6,395 shares during the period. LGT Fund Management Co Ltd. purchased a new position in shares of Leidos in the fourth quarter valued at approximately $1,979,000. Finally, Atria Investments Inc boosted its stake in shares of Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after purchasing an additional 4,421 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Up 4.8 %

Shares of NYSE:LDOS opened at $139.49 on Monday. The company has a market capitalization of $18.30 billion, a PE ratio of 15.10, a P/E/G ratio of 1.65 and a beta of 0.72. 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 Holdings, Inc. has a twelve month low of $123.22 and a twelve month high of $202.90. The firm has a 50 day simple moving average of $141.41 and a 200-day simple moving average of $155.74.

Leidos (NYSE:LDOS) last issued its quarterly earnings data 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 net margin of 7.53% and a return on equity of 30.93%. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Leidos’s payout ratio is 17.32%.

Analysts Set New Price Targets

Several research firms have recently commented on LDOS. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Truist Financial lowered their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. UBS Group lowered their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.87.

Insider Activity

In other news, 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 transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos 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 completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos 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.