Prudential Financial Inc. Has $17.49 Million Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Prudential Financial Inc. decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 15.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,400 shares of the aerospace company’s stock after selling 22,848 shares during the period. Prudential Financial Inc.’s holdings in Leidos were worth $17,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in Leidos in the 4th quarter valued at $27,000. Berbice Capital Management LLC bought a new stake in shares of Leidos in the fourth quarter valued at about $29,000. Mather Group LLC. grew 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 in the last quarter. Human Investing LLC bought a new position in Leidos during the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC acquired a new stake in Leidos in the 4th quarter worth about $57,000. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 0.4 %

LDOS stock opened at $135.76 on Friday. The firm has a 50-day moving average price of $137.94 and a 200-day moving average price of $153.78. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $17.41 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. Leidos’s dividend payout ratio is currently 17.32%.

Insiders Place Their Bets

In related news, 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 sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the company’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 completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % 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.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Truist Financial decreased their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.07.

About Leidos

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.