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

Mutual of America Capital Management LLC trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 22.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,962 shares of the aerospace company’s stock after selling 4,696 shares during the period. Mutual of America Capital Management LLC’s holdings in Leidos were worth $2,299,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its holdings in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Leidos during the 3rd quarter valued at $29,000. Berbice Capital Management LLC bought a new stake in shares of Leidos during the 4th quarter valued at $29,000. Mather Group LLC. lifted its stake in shares of Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after buying an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new position in Leidos in the 4th quarter worth $52,000. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on LDOS. UBS Group decreased their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Wells Fargo & Company cut their price objective on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Finally, Truist Financial cut their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.87.

Insider Activity

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Trading Up 4.8 %

LDOS opened at $139.49 on Friday. The stock has a 50-day moving average of $141.41 and a 200 day moving average of $155.66. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 12 month low of $123.22 and a 12 month high of $202.90. The firm has a market cap of $18.30 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is 17.32%.

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.