Arrowstreet Capital Limited Partnership Reduces Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Arrowstreet Capital Limited Partnership cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 770,930 shares of the aerospace company's stock after selling 20,413 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.58% of Leidos worth $111,060,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Duncker Streett & Co. Inc. purchased a new position in shares of Leidos in the 4th quarter worth approximately $27,000. Berbice Capital Management LLC purchased a new position in Leidos during the fourth quarter worth $29,000. Mather Group LLC. increased its position in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Human Investing LLC purchased a new stake in shares of Leidos in the fourth quarter valued at $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Leidos in the 4th quarter worth about $57,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction on 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. The trade was a 15.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the 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 completion of the sale, the director now owns 6,408 shares of the company's stock, 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. Insiders own 0.96% of the company's stock.

Leidos Stock Down 4.3 %

Shares of NYSE LDOS traded down $6.00 during midday trading on Friday, reaching $133.50. 2,769,091 shares of the company's stock traded hands, compared to its average volume of 1,178,124. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a one year low of $123.23 and a one year 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 stock's 50 day simple moving average is $135.79 and its 200-day simple moving average is $153.06.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating 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, analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's dividend payout ratio is currently 17.32%.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Truist Financial decreased their price target on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company cut their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Six investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.07.

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.