Pitcairn Co. Takes $719,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Pitcairn Co. bought a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,994 shares of the aerospace company’s stock, valued at approximately $719,000.

A number of other hedge funds have also recently bought and sold shares of LDOS. Public Sector Pension Investment Board increased its holdings in shares of Leidos by 4.7% in the third quarter. Public Sector Pension Investment Board now owns 6,657 shares of the aerospace company’s stock valued at $1,085,000 after buying an additional 300 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Leidos by 24.3% during the third quarter. Captrust Financial Advisors now owns 5,500 shares of the aerospace company’s stock valued at $896,000 after purchasing an additional 1,074 shares during the last quarter. Investment Management Corp of Ontario boosted its position in shares of Leidos by 53.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 4,324 shares of the aerospace company’s stock valued at $705,000 after purchasing an additional 1,500 shares during the period. Integrated Wealth Concepts LLC increased its stake in Leidos by 77.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,876 shares of the aerospace company’s stock worth $1,610,000 after purchasing an additional 4,325 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Leidos by 94.6% during the 3rd quarter. Quantinno Capital Management LP now owns 32,164 shares of the aerospace company’s stock worth $5,243,000 after buying an additional 15,634 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Down 4.3 %

LDOS stock opened at $133.50 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market cap of $17.12 billion, a PE ratio of 14.45, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The company has a fifty day simple moving average of $135.79 and a 200 day simple moving average of $153.06.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

Analyst Ratings Changes

LDOS has been the topic of several analyst reports. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and cut their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. UBS Group decreased their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Truist Financial dropped their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Six 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.07.

Insiders Place Their Bets

In other news, 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 transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

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.