Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Woodline Partners LP

Woodline Partners LP lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,286 shares of the aerospace company’s stock after selling 88,065 shares during the period. Woodline Partners LP owned about 0.17% of Leidos worth $32,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Leidos in the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. bought a new position in Leidos during the 4th quarter worth $27,000. Berbice Capital Management LLC acquired a new stake in Leidos in the fourth quarter worth $29,000. Mather Group LLC. lifted its stake in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Leidos in the fourth quarter valued at $52,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now owns 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Leidos Price Performance

NYSE LDOS opened at $160.27 on Wednesday. The stock has a market capitalization of $20.63 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The business’s fifty day moving average is $143.29 and its two-hundred day moving average is $148.31. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the business posted $2.29 earnings per share. Leidos’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, June 16th. Leidos’s payout ratio is 16.10%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. Truist Financial decreased their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 14th. StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 30th. UBS Group lifted their price target on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Finally, William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Five equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.69.

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.