Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 36.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,706 shares of the aerospace company’s stock after selling 37,866 shares during the period. Sawgrass Asset Management LLC’s holdings in Leidos were worth $7,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Leidos by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,185,694 shares of the aerospace company’s stock worth $128,340,000 after buying an additional 24,041 shares during the period. Private Advisor Group LLC raised its stake in shares of Leidos by 60.0% during the 4th quarter. Private Advisor Group LLC now owns 5,030 shares of the aerospace company’s stock worth $544,000 after buying an additional 1,887 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Leidos by 2.2% in the 4th quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock valued at $632,000 after buying an additional 125 shares during the period. National Bank of Canada FI boosted its stake in shares of Leidos by 6.9% in the fourth quarter. National Bank of Canada FI now owns 40,353 shares of the aerospace company’s stock valued at $4,358,000 after buying an additional 2,591 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in Leidos during the fourth quarter worth $271,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Leidos news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Leidos from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Jefferies Financial Group lifted their price target on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America upped their price target on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Finally, Barclays upped their target price on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

Leidos Trading Up 1.9 %

Shares of LDOS traded up $2.65 during trading hours on Wednesday, hitting $145.50. The stock had a trading volume of 1,202,888 shares, compared to its average volume of 910,583. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The firm has a market cap of $19.67 billion, a P/E ratio of 62.72, a P/E/G ratio of 1.82 and a beta of 0.66. The company’s fifty day simple moving average is $130.16 and its 200 day simple moving average is $116.43. Leidos Holdings, Inc. has a 12-month low of $76.58 and a 12-month high of $145.50.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 8.36 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

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.