Mutual of America Capital Management LLC Sells 4,696 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Mutual of America Capital Management LLC lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,962 shares of the aerospace company's stock after selling 4,696 shares during the period. Mutual of America Capital Management LLC's holdings in Leidos were worth $2,299,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of Leidos by 5.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,550 shares of the aerospace company's stock worth $4,328,000 after buying an additional 1,281 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Leidos by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 46,749 shares of the aerospace company's stock worth $7,620,000 after acquiring an additional 260 shares in the last quarter. Amalgamated Bank grew its stake in shares of Leidos by 1.0% in the third quarter. Amalgamated Bank now owns 27,839 shares of the aerospace company's stock worth $4,538,000 after acquiring an additional 289 shares during the last quarter. Olympiad Research LP bought a new position in shares of Leidos during the third quarter valued at $312,000. Finally, Summit Global Investments raised its position in shares of Leidos by 124.5% in the 3rd quarter. Summit Global Investments now owns 20,403 shares of the aerospace company's stock worth $3,326,000 after purchasing an additional 11,313 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on LDOS. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and reduced their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Truist Financial decreased their price objective on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. 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 report on Thursday, December 12th. Finally, UBS Group reduced their price objective on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.87.

Leidos Stock Performance

NYSE:LDOS traded down $3.31 during mid-day trading on Tuesday, hitting $134.07. 1,861,033 shares of the company traded hands, compared to its average volume of 1,605,771. The stock's fifty day moving average price is $141.29 and its 200-day moving average price is $155.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 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%. Research analysts anticipate that Leidos Holdings, Inc. will post 10.62 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. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos's payout ratio is presently 17.32%.

Insider Buying and Selling at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred 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 sale, the director now owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

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.