Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Headlands Technologies LLC

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 decreased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 56.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after purchasing an additional 684,272 shares during the period. Invesco Ltd. grew its holdings in shares of Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after acquiring an additional 536,452 shares during the period. Victory Capital Management Inc. boosted its holdings in Leidos by 130.3% in the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after acquiring an additional 402,454 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Leidos by 262.9% in the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after acquiring an additional 332,882 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus set a $178.00 price target on Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Truist Financial reduced their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group increased their target price on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $179.46.

Leidos Stock Performance

LDOS stock opened at $175.31 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 1.62. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.99 and a beta of 0.65. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The stock's fifty day moving average is $157.06 and its two-hundred day moving average is $146.99.

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

Leidos Dividend Announcement

The firm 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's dividend payout ratio (DPR) is 16.10%.

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.

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