New Age Alpha Advisors LLC Boosts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

New Age Alpha Advisors LLC lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2,079.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,310 shares of the aerospace company's stock after buying an additional 2,204 shares during the quarter. New Age Alpha Advisors LLC's holdings in Leidos were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LDOS. D.A. Davidson & CO. bought a new stake in shares of Leidos during the 3rd quarter valued at $230,000. CreativeOne Wealth LLC bought a new position in shares of Leidos in the third quarter worth about $247,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Leidos by 4.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,367 shares of the aerospace company's stock valued at $4,950,000 after purchasing an additional 1,262 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Leidos by 4.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,657 shares of the aerospace company's stock valued at $1,085,000 after purchasing an additional 300 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Leidos during the 3rd quarter worth approximately $4,622,000. Institutional investors own 76.12% of the company's stock.

Insider Activity

In related news, Director Gary Stephen May sold 2,128 shares of the firm'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 of the company's stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's 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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Trading Down 4.3 %

Shares of Leidos stock traded down $6.00 on Friday, hitting $133.50. 2,769,091 shares of the company's stock traded hands, compared to its average volume of 1,180,084. The company has a fifty day moving average of $135.79 and a two-hundred day moving average of $153.04. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Truist Financial dropped their target price on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and reduced their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Leidos presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.07.

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.