Cerity Partners LLC Purchases 10,926 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Cerity Partners LLC increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 73.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,789 shares of the aerospace company's stock after buying an additional 10,926 shares during the quarter. Cerity Partners LLC's holdings in Leidos were worth $3,822,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos during the fourth quarter valued at approximately $27,000. Berbice Capital Management LLC bought a new stake in shares of Leidos in the 4th quarter worth $29,000. Mather Group LLC. lifted its holdings in shares of 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 period. Human Investing LLC bought a new position in Leidos during the fourth quarter valued at about $52,000. Finally, Vision Financial Markets LLC acquired a new position in Leidos during the fourth quarter worth about $57,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Down 1.0 %

Shares of LDOS traded down $1.49 during trading hours on Tuesday, reaching $141.50. The company's stock had a trading volume of 1,453,734 shares, compared to its average volume of 1,204,240. The company has a 50 day moving average of $135.10 and a two-hundred day moving average of $151.88. 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 firm has a market cap of $18.14 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90.

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, March 14th. Leidos's payout ratio is currently 17.32%.

Insider Transactions at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LDOS shares. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. UBS Group dropped their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company cut their target price on Leidos from $191.00 to $173.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $179.23.

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.