Lipe & Dalton Sells 300 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Lipe & Dalton lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,514 shares of the aerospace company’s stock after selling 300 shares during the period. Leidos comprises 3.0% of Lipe & Dalton’s investment portfolio, making the stock its 8th largest holding. Lipe & Dalton’s holdings in Leidos were worth $5,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in shares of Leidos in the 1st quarter valued at about $25,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Leidos in the 4th quarter valued at about $28,000. Money Concepts Capital Corp grew its stake in shares of Leidos by 548.8% in the 4th quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Leidos in the 1st quarter valued at approximately $27,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Leidos in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,745 shares of the company’s 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 completion of the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Leidos news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays raised Leidos from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. TheStreet raised Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. 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 research report on Wednesday, February 14th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. Finally, Robert W. Baird upped their target price on Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.42.

Leidos Stock Performance

Shares of LDOS traded down $0.24 during mid-day trading on Tuesday, hitting $124.64. The company’s stock had a trading volume of 782,176 shares, compared to its average volume of 811,104. The stock’s 50-day moving average is $125.87 and its two-hundred day moving average is $111.80. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34. The firm has a market capitalization of $16.84 billion, a PE ratio of 87.90, a price-to-earnings-growth ratio of 1.74 and a beta of 0.70. Leidos Holdings, Inc. has a one year low of $76.58 and a one year high of $131.50.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. Leidos’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 7.76 EPS for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. Leidos’s payout ratio is 107.04%.

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.