Pitcairn Co. Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Pitcairn Co. bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,994 shares of the aerospace company's stock, valued at approximately $719,000.

Several other institutional investors also recently bought and sold shares of LDOS. Norges Bank bought a new position in Leidos during the fourth quarter valued at about $266,419,000. Alliancebernstein L.P. increased its position in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares during the period. JPMorgan Chase & Co. lifted its position in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares during the period. Thrivent Financial for Lutherans boosted its stake in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after buying an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Leidos by 151.6% in the 4th quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after buying an additional 330,623 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Insider Activity at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the 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 sale, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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Leidos Stock Down 1.1 %

NYSE LDOS traded down $1.50 during trading hours on Thursday, hitting $138.23. 504,619 shares of the company traded hands, compared to its average volume of 1,192,391. 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 business's 50-day moving average is $135.08 and its 200-day moving average is $152.35. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.16%. Leidos's payout ratio is currently 17.32%.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several recent research reports. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and decreased their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and lowered their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. StockNews.com raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 3rd. UBS Group lowered their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Finally, William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $176.79.

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.