Stevens Capital Management LP Takes $991,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Stevens Capital Management LP bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,881 shares of the aerospace company's stock, valued at approximately $991,000.

Several other large investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in shares of Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock valued at $1,177,000 after buying an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Leidos by 39.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after acquiring an additional 3,534 shares during the period. Fiduciary Trust Co increased its stake in Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock worth $3,902,000 after acquiring an additional 6,395 shares during the last quarter. LGT Fund Management Co Ltd. purchased a new position in shares of Leidos in the 4th quarter worth about $1,979,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Leidos in the 3rd quarter valued at about $4,622,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LDOS shares. TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and dropped their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Truist Financial reduced their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a 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. Finally, Cantor Fitzgerald raised 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.07.

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Insider Activity

In related news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's 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 completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos Stock Down 0.4 %

Shares of LDOS traded down $0.58 during trading on Thursday, reaching $135.76. The company's stock had a trading volume of 1,002,874 shares, compared to its average volume of 1,091,246. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a fifty day moving average of $137.94 and a two-hundred day moving average of $153.78.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, March 14th. Leidos's payout ratio is currently 17.32%.

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.