Woodline Partners LP Lowers Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Woodline Partners LP lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 227,286 shares of the aerospace company's stock after selling 88,065 shares during the period. Woodline Partners LP owned approximately 0.17% of Leidos worth $32,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LDOS. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos in the fourth quarter valued at approximately $25,000. Duncker Streett & Co. Inc. purchased a new stake in Leidos in the fourth quarter valued at approximately $27,000. Berbice Capital Management LLC purchased a new stake in Leidos in the fourth quarter valued at approximately $29,000. Mather Group LLC. boosted its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC purchased a new stake in Leidos in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LDOS shares. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. UBS Group upped their price objective on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Truist Financial lowered their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus price target of $180.69.

Leidos Price Performance

NYSE LDOS traded down $5.70 during mid-day trading on Friday, hitting $152.60. The stock had a trading volume of 1,568,051 shares, compared to its average volume of 1,223,313. The firm's 50 day moving average is $144.46 and its 200 day moving average is $147.93. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.65 and a beta of 0.65.

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

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

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.