Sherbrooke Park Advisers LLC Sells 3,667 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Sherbrooke Park Advisers LLC reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,203 shares of the aerospace company’s stock after selling 3,667 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Leidos were worth $461,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LDOS. Norges Bank bought a new position in Leidos during the 4th quarter worth $266,419,000. Alliancebernstein L.P. raised its position in Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after purchasing an additional 835,930 shares during the last quarter. Invesco Ltd. raised its position in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after purchasing an additional 682,532 shares during the last quarter. JPMorgan Chase & Co. raised its position in Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock worth $67,032,000 after purchasing an additional 377,756 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos 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 transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents a 15.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of LDOS opened at $159.08 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a 50-day moving average of $142.23 and a 200-day moving average of $148.63. The company has a market cap of $20.48 billion, a PE ratio of 17.22, a P/E/G ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 EPS. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. Leidos’s dividend payout ratio (DPR) is currently 16.10%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada increased their price target on Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. UBS Group increased their price target on Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their price target on Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average target price of $180.69.

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.