Sienna Gestion Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Sienna Gestion acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,296 shares of the aerospace company's stock, valued at approximately $3,356,000.

A number of other hedge funds have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in Leidos during the 3rd quarter worth approximately $29,000. Duncker Streett & Co. Inc. bought a new position in Leidos during the 4th quarter worth approximately $27,000. Berbice Capital Management LLC bought a new position in Leidos during the 4th quarter worth approximately $29,000. Mather Group LLC. lifted its holdings in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC bought a new position in Leidos during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. UBS Group cut their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Truist Financial cut their price target on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $175.87.

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Insider Buying and Selling

In other news, Director Gary Stephen May sold 2,128 shares of the firm'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 completion of the sale, the director now owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm'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 completion of the sale, 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. Insiders own 0.96% of the company's stock.

Leidos Price Performance

Shares of LDOS stock traded up $0.42 during mid-day trading on Tuesday, hitting $138.62. 1,382,423 shares of the stock traded hands, compared to its average volume of 1,065,159. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company's 50-day simple moving average is $140.22 and its 200-day simple moving average is $154.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, March 14th. Leidos's payout ratio is 17.32%.

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.