Advisors Asset Management Inc. Has $3.45 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Advisors Asset Management Inc. grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,941 shares of the aerospace company’s stock after purchasing an additional 2,937 shares during the period. Advisors Asset Management Inc.’s holdings in Leidos were worth $3,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LDOS. Duncker Streett & Co. Inc. bought a new position in Leidos during the 4th quarter valued at about $27,000. Berbice Capital Management LLC bought a new stake in Leidos during the fourth quarter worth about $29,000. Mather Group LLC. raised its stake in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Human Investing LLC acquired a new position in shares of Leidos in the 4th quarter worth approximately $52,000. Finally, Vision Financial Markets LLC bought a new stake in Leidos during the 4th quarter worth approximately $57,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Leidos Trading Down 2.7 %

NYSE:LDOS opened at $134.80 on Friday. 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 1-year low of $123.23 and a 1-year high of $202.90. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.65 and a beta of 0.72. The business’s 50-day moving average price is $139.69 and its two-hundred day moving average price is $154.48.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several research analyst reports. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and reduced their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, Truist Financial dropped their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and an average target price of $178.07.

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.