Rhumbline Advisers Sells 8,715 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Rhumbline Advisers trimmed its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,198 shares of the aerospace company's stock after selling 8,715 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Leidos worth $30,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rakuten Securities Inc. boosted its position in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Leidos in the 3rd quarter valued at about $29,000. Berbice Capital Management LLC bought a new stake in shares of Leidos during the 4th quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in Leidos during the third quarter worth approximately $30,000. Finally, Mather Group LLC. grew its stake in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after purchasing an additional 156 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Down 2.6 %

NYSE LDOS traded down $3.39 on Friday, reaching $126.66. The company had a trading volume of 2,569,823 shares, compared to its average volume of 1,513,318. 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 stock has a market capitalization of $16.61 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.67 and a beta of 0.66. The company's fifty day moving average is $144.89 and its 200 day moving average is $156.76. Leidos Holdings, Inc. has a 52-week low of $123.22 and a 52-week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS 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 fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. Leidos's payout ratio is presently 17.32%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LDOS shares. Barclays boosted their price target on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Thursday. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and decreased their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Royal Bank of Canada increased their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Finally, Truist Financial decreased 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. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $176.27.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction 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 transaction, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.