Picton Mahoney Asset Management Trims Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Picton Mahoney Asset Management trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,509 shares of the aerospace company’s stock after selling 76 shares during the period. Picton Mahoney Asset Management’s holdings in Leidos were worth $506,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LDOS. Sienna Gestion acquired a new stake in shares of Leidos during the 4th quarter worth about $3,356,000. LBP AM SA boosted its position in Leidos by 54.8% during the fourth quarter. LBP AM SA now owns 21,665 shares of the aerospace company’s stock worth $3,121,000 after acquiring an additional 7,665 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Leidos by 33.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,646 shares of the aerospace company’s stock worth $1,246,000 after acquiring an additional 2,159 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in Leidos by 625.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 281,452 shares of the aerospace company’s stock worth $40,546,000 after acquiring an additional 242,651 shares during the period. Finally, Truvestments Capital LLC raised its holdings in Leidos by 8.8% in the 4th quarter. Truvestments Capital LLC now owns 2,185 shares of the aerospace company’s stock valued at $315,000 after acquiring an additional 176 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LDOS shares. Truist Financial lowered their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and lowered their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Six 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Price Performance

Shares of NYSE LDOS opened at $134.59 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The company has a market capitalization of $17.65 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.65 and a beta of 0.72. The business has a 50-day moving average of $140.42 and a 200-day moving average of $155.01.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping 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, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is 17.32%.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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 owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 11,264 shares in the company, valued at approximately $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. 0.96% of the stock is currently owned by insiders.

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.