HM Payson & Co. Boosts Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

HM Payson & Co. grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 959.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,374 shares of the aerospace company's stock after purchasing an additional 2,150 shares during the quarter. HM Payson & Co.'s holdings in Leidos were worth $342,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Banco Santander S.A. bought a new position in Leidos in the 4th quarter valued at about $316,000. Prescott Group Capital Management L.L.C. lifted its holdings in Leidos by 133.3% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 21,000 shares of the aerospace company's stock valued at $3,025,000 after purchasing an additional 12,000 shares during the last quarter. Callan Family Office LLC bought a new stake in Leidos during the 4th quarter valued at $291,000. Inceptionr LLC increased its position in shares of Leidos by 46.5% during the fourth quarter. Inceptionr LLC now owns 5,068 shares of the aerospace company's stock valued at $730,000 after buying an additional 1,609 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Leidos in the fourth quarter worth $40,402,000. 76.12% of the stock is owned by institutional investors.

Leidos Trading Down 0.6 %

Leidos stock traded down $0.85 during trading on Thursday, hitting $132.75. The company's stock had a trading volume of 1,291,155 shares, compared to its average volume of 1,591,322. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1-year low of $123.22 and a 1-year high of $202.90. 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 stock's fifty day moving average is $140.88 and its 200 day moving average is $155.32.

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Leidos (NYSE:LDOS - Get Free Report) last released 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 return on equity of 30.93% and a net margin of 7.53%. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Leidos's dividend payout ratio is currently 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. TD Cowen cut 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. Truist Financial reduced their price objective on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Six investment 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.com, Leidos currently has an average rating of "Moderate Buy" and an average target price of $175.87.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was 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 directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This represents a 19.08 % 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 this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

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.