Balyasny Asset Management L.P. Has $20.18 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Balyasny Asset Management L.P. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 54.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,105 shares of the aerospace company's stock after selling 169,263 shares during the period. Balyasny Asset Management L.P. owned 0.11% of Leidos worth $20,184,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Leidos in the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. acquired a new stake in Leidos in the 4th quarter worth approximately $27,000. Berbice Capital Management LLC acquired a new stake in Leidos in 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 worth $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in Leidos in the 4th quarter worth approximately $52,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gary Stephen May sold 2,128 shares of the company'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 completion of the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,889 shares of company stock worth $675,786 in the last three months. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. UBS Group lifted their price target on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their price target on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. Five equities research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $180.69.

Leidos Price Performance

NYSE:LDOS traded up $0.14 during trading hours on Monday, hitting $155.84. The company's stock had a trading volume of 848,890 shares, compared to its average volume of 1,587,937. The business's 50-day moving average is $140.16 and its two-hundred day moving average is $149.18. The company has a market capitalization of $20.06 billion, a PE ratio of 16.86, a PEG ratio of 1.65 and a beta of 0.65. 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 Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm's revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 EPS. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Leidos's dividend payout ratio (DPR) is 16.10%.

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.