Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Prospector Partners LLC

Prospector Partners LLC decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,066 shares of the aerospace company’s stock after selling 64,486 shares during the quarter. Leidos comprises approximately 1.5% of Prospector Partners LLC’s holdings, making the stock its 29th largest position. Prospector Partners LLC’s holdings in Leidos were worth $13,263,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Duncker Streett & Co. Inc. acquired a new position in Leidos during the fourth quarter worth $27,000. Berbice Capital Management LLC acquired a new position in shares of Leidos during the 4th quarter worth about $29,000. Mather Group LLC. lifted its holdings 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 acquiring an additional 156 shares in the last quarter. Human Investing LLC bought a new stake in shares of Leidos in the fourth quarter valued at about $52,000. Finally, Vision Financial Markets LLC acquired a new position in Leidos during the fourth quarter worth $57,000. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos 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 transaction, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. The trade was 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 owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LDOS shares. UBS Group decreased their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Truist Financial lowered 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. TD Cowen downgraded 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. Wells Fargo & Company reduced their price objective on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group downgraded 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 report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $178.07.

Leidos Stock Down 4.3 %

Shares of Leidos stock opened at $133.50 on Friday. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.65 and a beta of 0.72. The firm’s 50-day moving average is $135.79 and its two-hundred day moving average is $153.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

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.