Leidos Holdings, Inc. (NYSE:LDOS) Position Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 26.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,908 shares of the aerospace company’s stock after purchasing an additional 1,239 shares during the period. NEOS Investment Management LLC’s holdings in Leidos were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Leidos by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock valued at $2,225,784,000 after acquiring an additional 84,003 shares in the last quarter. State Street Corp raised its holdings in shares of Leidos by 1.0% during the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after purchasing an additional 56,066 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Leidos by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after buying an additional 42,358 shares during the period. Finally, FMR LLC grew its position in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after buying an additional 522,764 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Down 1.3 %

Leidos stock opened at $133.95 on Monday. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.65 and a beta of 0.72. The company’s 50-day moving average price is $137.51 and its two-hundred day moving average price is $153.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings data 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 net margin of 7.53% and a return on equity of 30.93%. On average, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Truist Financial reduced their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. UBS Group reduced 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. Finally, The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $178.07.

Insider Activity

In other news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred 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 transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, 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.

About Leidos

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.