Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Cut by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,438 shares of the aerospace company’s stock after selling 80 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Leidos were worth $1,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its stake in shares of Leidos by 15.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 19,991 shares of the aerospace company’s stock worth $2,880,000 after acquiring an additional 2,691 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Leidos by 185.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 157,379 shares of the aerospace company’s stock worth $22,672,000 after acquiring an additional 102,214 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Leidos by 98.4% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,969 shares of the aerospace company’s stock worth $1,292,000 after acquiring an additional 4,448 shares in the last quarter. Quartz Partners LLC boosted its stake in shares of Leidos by 6.2% during the 4th quarter. Quartz Partners LLC now owns 16,373 shares of the aerospace company’s stock worth $2,359,000 after acquiring an additional 960 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Leidos by 347.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 31,097 shares of the aerospace company’s stock worth $4,480,000 after acquiring an additional 24,142 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LDOS shares. The Goldman Sachs Group lowered 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. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company decreased their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial decreased their target price on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays raised their target price on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $175.87.

Insider Buying and Selling at Leidos

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

Leidos Price Performance

Shares of NYSE:LDOS opened at $129.92 on Friday. 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 Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90. The business has a fifty day simple moving average of $142.59 and a 200 day simple moving average of $156.16. The firm has a market cap of $17.04 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict 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 will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.23%. Leidos’s dividend payout ratio (DPR) is currently 17.32%.

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.