Mutual of America Capital Management LLC Sells 1,067 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Mutual of America Capital Management LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 20,680 shares of the aerospace company’s stock after selling 1,067 shares during the period. Mutual of America Capital Management LLC’s holdings in Leidos were worth $2,238,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in shares of Leidos by 3.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 7,939 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 278 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Leidos during the fourth quarter worth about $219,000. International Assets Investment Management LLC acquired a new position in shares of Leidos during the 4th quarter worth about $18,976,000. Busey Bank increased its stake in shares of Leidos by 32.0% in the 4th quarter. Busey Bank now owns 73,581 shares of the aerospace company’s stock valued at $7,964,000 after acquiring an additional 17,856 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of Leidos in the 4th quarter valued at approximately $278,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Barclays upgraded shares of Leidos from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Argus lifted their target price on Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Wells Fargo & Company increased their price target on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Robert W. Baird lifted their price objective on Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Two 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.42.

Leidos Stock Up 0.9 %

Shares of Leidos stock opened at $124.91 on Friday. Leidos Holdings, Inc. has a 52-week low of $76.58 and a 52-week high of $131.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34. The business’s 50 day simple moving average is $126.78 and its 200 day simple moving average is $112.55. The firm has a market cap of $16.88 billion, a PE ratio of 87.97, a P/E/G ratio of 1.71 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the company earned $1.83 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Leidos Holdings, Inc. will post 7.76 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, March 14th. Leidos’s payout ratio is 107.04%.

Insider Activity at Leidos

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

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.