Prospector Partners LLC Cuts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Prospector Partners LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 41.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,066 shares of the aerospace company's stock after selling 64,486 shares during the quarter. Leidos accounts for approximately 1.5% of Prospector Partners LLC's portfolio, making the stock its 29th largest holding. Prospector Partners LLC owned 0.07% of Leidos worth $13,263,000 at the end of the most recent reporting period.

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

Leidos Trading Up 1.5 %

Leidos stock traded up $2.11 during trading on Friday, reaching $141.78. 426,459 shares of the company were exchanged, compared to its average volume of 1,195,323. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock's 50 day simple moving average is $135.04 and its two-hundred day simple moving average is $152.22. The company has a market capitalization of $18.18 billion, a P/E ratio of 15.27, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90.

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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 the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 $1,478,287.36. This represents a 15.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's 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 sale, the director now directly owns 6,408 shares of the company's stock, valued at $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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LDOS shares. UBS Group cut their price target on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and cut their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $180.00.

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.