Pitcairn Co. Purchases Shares of 4,994 Leidos Holdings, Inc. (NYSE:LDOS)

Pitcairn Co. acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,994 shares of the aerospace company’s stock, valued at approximately $719,000.

Several other institutional investors have also made changes to their positions in LDOS. Duncker Streett & Co. Inc. bought a new position in Leidos during the fourth quarter worth about $27,000. Berbice Capital Management LLC bought a new position in shares of Leidos during the 4th quarter worth approximately $29,000. Mather Group LLC. boosted its stake in Leidos by 143.1% in the 4th 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 bought a new stake in Leidos in the fourth quarter valued at $52,000. Finally, Vision Financial Markets LLC acquired a new position in Leidos during the fourth quarter worth $57,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In related 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 transaction of $279,278.72. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos 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 transaction, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This represents 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.

Leidos Stock Down 4.3 %

Shares of NYSE LDOS opened at $133.50 on Friday. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The firm’s 50-day moving average is $135.79 and its 200-day moving average is $153.06. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $17.12 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. Leidos’s dividend payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and lowered their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group decreased their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Truist Financial reduced their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company cut their price objective on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.07.

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.