Amalgamated Bank Raises Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Amalgamated Bank grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,689 shares of the aerospace company’s stock after purchasing an additional 1,247 shares during the quarter. Amalgamated Bank’s holdings in Leidos were worth $4,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Leidos during the fourth quarter worth about $28,000. Lindbrook Capital LLC boosted its holdings in shares of Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 186 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Leidos during the 3rd quarter worth approximately $30,000. Friedenthal Financial purchased a new stake in shares of Leidos in the fourth quarter valued at approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Leidos during the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity

In related news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $1,007,005.86. Following the transaction, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now directly owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Up 1.9 %

Shares of LDOS opened at $145.50 on Thursday. The company’s 50-day simple moving average is $130.16 and its 200-day simple moving average is $116.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos Holdings, Inc. has a 1 year low of $76.58 and a 1 year high of $145.50. The stock has a market capitalization of $19.67 billion, a PE ratio of 62.72, a P/E/G ratio of 1.82 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the company posted $1.47 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Leidos Holdings, Inc. will post 8.36 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio is currently 65.52%.

Analyst Ratings Changes

A number of brokerages have issued reports on LDOS. Wells Fargo & Company raised their target price on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Jefferies Financial Group lifted their price target on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Finally, Robert W. Baird increased their price objective on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Two investment 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. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

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.