Wellington Management Group LLP Purchases 34,690 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Wellington Management Group LLP boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 356.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,432 shares of the aerospace company’s stock after acquiring an additional 34,690 shares during the period. Wellington Management Group LLP’s holdings in Leidos were worth $6,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its holdings in shares of Leidos by 29.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 39,786 shares of the aerospace company’s stock worth $5,732,000 after acquiring an additional 9,068 shares during the period. Hobbs Group Advisors LLC increased its holdings in Leidos by 3.5% during the 4th quarter. Hobbs Group Advisors LLC now owns 6,561 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 222 shares in the last quarter. Allstate Corp acquired a new stake in shares of Leidos in the 4th quarter valued at about $538,000. Horizon Investment Services LLC lifted its holdings in shares of Leidos by 18.6% in the fourth quarter. Horizon Investment Services LLC now owns 15,333 shares of the aerospace company’s stock valued at $2,209,000 after purchasing an additional 2,405 shares in the last quarter. Finally, denkapparat Operations GmbH acquired a new position in shares of Leidos during the fourth quarter worth about $277,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group cut their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of Leidos from $191.00 to $173.00 and set an “overweight” rating on the stock in a research report on Tuesday. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and cut their price target for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Finally, StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.00.

Leidos Price Performance

NYSE:LDOS opened at $139.79 on Friday. Leidos Holdings, Inc. has a 12-month low of $123.23 and a 12-month high of $202.90. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.65 and a beta of 0.66. The stock’s 50 day moving average price is $135.04 and its two-hundred day moving average price is $152.22. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s payout ratio is 17.32%.

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.