Leidos Holdings, Inc. (NYSE:LDOS) Holdings Lowered by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 628,463 shares of the aerospace company’s stock after selling 253,961 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.47% of Leidos worth $90,537,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. OneDigital Investment Advisors LLC boosted its stake in Leidos by 3.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 5,531 shares of the aerospace company’s stock valued at $797,000 after purchasing an additional 172 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Leidos by 17.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,236 shares of the aerospace company’s stock worth $322,000 after acquiring an additional 327 shares during the period. MML Investors Services LLC raised its position in Leidos by 28.2% in the fourth quarter. MML Investors Services LLC now owns 39,143 shares of the aerospace company’s stock worth $5,639,000 after acquiring an additional 8,611 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Leidos by 0.8% in the 4th quarter. MetLife Investment Management LLC now owns 35,306 shares of the aerospace company’s stock valued at $5,086,000 after acquiring an additional 278 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in shares of Leidos by 13.1% during the 4th quarter. Norinchukin Bank The now owns 6,632 shares of the aerospace company’s stock valued at $955,000 after purchasing an additional 768 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on 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 $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents 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 owned by company insiders.

Analysts Set New Price Targets

LDOS has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Leidos from $191.00 to $173.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Truist Financial cut their target price on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $179.23.

Leidos Stock Up 0.3 %

Shares of Leidos stock opened at $145.94 on Monday. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.65 and a beta of 0.66. The stock has a 50-day simple moving average of $136.04 and a 200-day simple moving average of $150.43. 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 52-week low of $123.62 and a 52-week high of $202.90.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio is 17.32%.

Leidos Company 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.