Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Lessened by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 770,930 shares of the aerospace company’s stock after selling 20,413 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Leidos were worth $111,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the fourth quarter valued at $27,000. Berbice Capital Management LLC purchased a new stake in Leidos during the fourth quarter valued at about $29,000. Mather Group LLC. boosted its holdings in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares during the period. Human Investing LLC purchased a new position in shares of Leidos in the fourth quarter worth approximately $52,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Leidos during the fourth quarter valued at approximately $57,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several research analyst reports. Truist Financial lowered their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $178.07.

Leidos Stock Down 1.3 %

Leidos stock opened at $133.95 on Monday. The company has a market capitalization of $17.17 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The firm’s fifty day simple moving average is $137.51 and its 200-day simple moving average is $153.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

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

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos’s payout ratio is currently 17.32%.

Insider Buying and Selling at Leidos

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

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.