Headlands Technologies LLC Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Headlands Technologies LLC reduced its stake in Leidos Holdings, Inc. by 56.1%, selling 15,535 shares and leaving them with 12,135 shares worth approximately $1.64 million.
• Several institutional investors increased their holdings, with Pacer Advisors Inc. growing its stake by 3,450%, now owning over 704,000 shares valued at around $95 million.
• Leidos recently declared a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 0.9%, scheduled to be paid on September 30th.

Headlands Technologies LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 56.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,135 shares of the aerospace company's stock after selling 15,535 shares during the quarter. Headlands Technologies LLC's holdings in Leidos were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LDOS. Wellington Management Group LLP lifted its stake in shares of Leidos by 356.1% in the 4th quarter. Wellington Management Group LLP now owns 44,432 shares of the aerospace company's stock worth $6,401,000 after acquiring an additional 34,690 shares during the period. Envestnet Asset Management Inc. increased its holdings in Leidos by 49.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 270,052 shares of the aerospace company's stock valued at $38,904,000 after acquiring an additional 88,929 shares in the last quarter. Federated Hermes Inc. increased its holdings in Leidos by 38.2% during the 4th quarter. Federated Hermes Inc. now owns 37,448 shares of the aerospace company's stock valued at $5,395,000 after acquiring an additional 10,347 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Leidos by 73.5% during the fourth quarter. Cerity Partners LLC now owns 25,789 shares of the aerospace company's stock worth $3,822,000 after buying an additional 10,926 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Leidos by 27.4% during the fourth quarter. Bank of Montreal Can now owns 145,467 shares of the aerospace company's stock worth $20,956,000 after buying an additional 31,247 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Analysts Set New Price Targets

LDOS has been the topic of several research analyst reports. Truist Financial reduced their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company lifted their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. UBS Group raised their price target on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Citigroup restated a "buy" rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a report on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $179.46.

Leidos Trading Down 0.3%

Shares of LDOS traded down $0.45 during mid-day trading on Tuesday, reaching $176.69. The company's stock had a trading volume of 298,895 shares, compared to its average volume of 1,387,557. The stock has a market cap of $22.67 billion, a PE ratio of 16.70, a P/E/G ratio of 2.01 and a beta of 0.65. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The company's fifty day moving average price is $158.33 and its two-hundred day moving average price is $147.21.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the firm posted $2.63 earnings per share. The business's quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos's dividend payout ratio (DPR) is presently 15.12%.

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.