WINTON GROUP Ltd Sells 28,715 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

WINTON GROUP Ltd trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 93.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,931 shares of the aerospace company’s stock after selling 28,715 shares during the quarter. WINTON GROUP Ltd’s holdings in Leidos were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LDOS. Norges Bank acquired a new stake in Leidos in the fourth quarter worth about $202,191,000. Balyasny Asset Management L.P. raised its stake in shares of Leidos by 9,164.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock worth $62,623,000 after purchasing an additional 572,316 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Leidos by 1,184.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock worth $73,213,000 after purchasing an additional 462,792 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Leidos by 138.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after acquiring an additional 300,486 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Leidos in the 2nd quarter valued at $37,540,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the transaction, the director now owns 7,455 shares in the company, valued at $1,082,689.65. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LDOS shares. Wells Fargo & Company increased their target price on Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Bank of America upped their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada increased their target price on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Truist Financial increased their target price on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Leidos Stock Performance

NYSE:LDOS opened at $153.82 on Thursday. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $159.10. The business’s fifty day moving average is $150.97 and its 200 day moving average is $142.62. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 66.30, a PEG ratio of 1.37 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the business earned $1.80 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, September 13th. Leidos’s payout ratio is 65.52%.

Leidos 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.