Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,320 shares of the aerospace company’s stock after selling 2,200 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Leidos were worth $334,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Avantra Family Wealth Inc. bought a new stake in Leidos during the fourth quarter valued at $899,000. Spire Wealth Management raised its holdings in shares of Leidos by 801.7% during the fourth quarter. Spire Wealth Management now owns 8,846 shares of the aerospace company’s stock worth $1,274,000 after purchasing an additional 7,865 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Leidos by 328.1% in the 4th quarter. DAVENPORT & Co LLC now owns 12,020 shares of the aerospace company’s stock worth $1,722,000 after buying an additional 9,212 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its position in shares of Leidos by 35.6% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,801 shares of the aerospace company’s stock valued at $548,000 after buying an additional 998 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LDOS. Royal Bank of Canada upped their target price on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Robert W. Baird boosted their target price on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average target price of $179.07.

Leidos Stock Performance

Shares of LDOS opened at $141.01 on Tuesday. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 0.93 and a beta of 0.66. The company’s fifty day moving average is $152.04 and its 200-day moving average is $158.14. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 12 month low of $108.97 and a 12 month high of $202.90.

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.