Sawgrass Asset Management LLC Has $6.01 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Sawgrass Asset Management LLC lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,725 shares of the aerospace company's stock after selling 17,269 shares during the quarter. Sawgrass Asset Management LLC's holdings in Leidos were worth $6,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of Leidos by 101.3% in the 3rd quarter. CWM LLC now owns 4,652 shares of the aerospace company's stock valued at $758,000 after buying an additional 2,341 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Leidos by 3,896.8% in the third quarter. Exchange Traded Concepts LLC now owns 1,239 shares of the aerospace company's stock valued at $202,000 after acquiring an additional 1,208 shares during the last quarter. Creative Planning grew its position in Leidos by 0.5% in the third quarter. Creative Planning now owns 72,775 shares of the aerospace company's stock worth $11,862,000 after acquiring an additional 375 shares in the last quarter. NBC Securities Inc. increased its stake in shares of Leidos by 18.8% during the 3rd quarter. NBC Securities Inc. now owns 1,406 shares of the aerospace company's stock worth $229,000 after purchasing an additional 222 shares during the last quarter. Finally, Braun Bostich & Associates Inc. bought a new position in shares of Leidos during the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In other news, Director Noel B. Geer purchased 2,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $322,260. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated 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 owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was 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 Price Performance

Shares of NYSE LDOS traded up $1.57 during midday trading on Monday, reaching $132.22. 1,752,327 shares of the company traded hands, compared to its average volume of 1,277,481. Leidos Holdings, Inc. has a 12 month low of $120.98 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The stock's 50-day simple moving average is $146.93 and its 200-day simple moving average is $157.32. The firm has a market cap of $17.64 billion, a PE ratio of 15.06, a PEG ratio of 0.92 and a beta of 0.66.

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 the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Leidos's dividend payout ratio is 18.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LDOS shares. Truist Financial lowered their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and lowered their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group reduced their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Cantor Fitzgerald began coverage on shares of Leidos in a research note on Friday, February 7th. They issued an "overweight" rating and a $185.00 price objective for the company. Finally, The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and lowered their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $176.27.

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.