Heartland Advisors Inc. Has $12.32 Million Stock Position in Leidos Holdings, Inc. $LDOS

Heartland Advisors Inc. trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 23.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,174 shares of the aerospace company’s stock after selling 20,114 shares during the period. Heartland Advisors Inc. owned about 0.05% of Leidos worth $12,315,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its stake in Leidos by 2.7% in the third quarter. Harbor Capital Advisors Inc. now owns 2,203 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 57 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Leidos by 2.0% in the 2nd quarter. Personal CFO Solutions LLC now owns 2,974 shares of the aerospace company’s stock worth $469,000 after purchasing an additional 59 shares during the period. Beacon Pointe Advisors LLC lifted its stake in Leidos by 3.7% in the second quarter. Beacon Pointe Advisors LLC now owns 1,639 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 59 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in Leidos by 0.7% during the third quarter. Atlantic Union Bankshares Corp now owns 8,243 shares of the aerospace company’s stock valued at $1,558,000 after purchasing an additional 61 shares during the period. Finally, CX Institutional increased its position in Leidos by 4.3% in the third quarter. CX Institutional now owns 1,503 shares of the aerospace company’s stock worth $284,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of Leidos stock opened at $175.90 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $205.77. The company has a fifty day moving average of $187.97 and a 200-day moving average of $186.66. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.59.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 17th. The aerospace company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.22. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.31 billion. Equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 16th. Leidos’s payout ratio is 16.04%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LDOS. UBS Group set a $204.00 target price on Leidos in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Truist Financial reissued a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Cantor Fitzgerald lifted their price objective on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Citigroup raised their price target on Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.09.

Insiders Place Their Bets

In related news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the transaction, the insider directly owned 38,575 shares of the company’s stock, valued at $7,414,500.75. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.69% of the company’s stock.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.