Mutual of America Capital Management LLC Reduces Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Mutual of America Capital Management LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,658 shares of the aerospace company’s stock after selling 591 shares during the period. Mutual of America Capital Management LLC’s holdings in Leidos were worth $3,367,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its position in Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after buying an additional 691,575 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Leidos by 1,184.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after acquiring an additional 462,792 shares during the period. International Assets Investment Management LLC lifted its holdings in Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after purchasing an additional 375,495 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after purchasing an additional 303,775 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Leidos by 138.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock worth $67,840,000 after purchasing an additional 300,486 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

LDOS stock opened at $165.55 on Friday. The firm has a 50 day simple moving average of $170.36 and a two-hundred day simple moving average of $156.15. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The stock has a market cap of $22.09 billion, a PE ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.68. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 0.97%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio is currently 17.31%.

Insider Buying and Selling at Leidos

In related news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares in the company, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

LDOS has been the topic of a number of recent research reports. Robert W. Baird upped their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen raised their price target on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial reduced their price target on Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday. Barclays increased their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group lifted their target price on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $189.69.

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.