Grantham Mayo Van Otterloo & Co. LLC Has $2.73 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 16.7% in the 4th quarter, Holdings Channel reports. The firm owned 18,930 shares of the aerospace company’s stock after selling 3,805 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Leidos were worth $2,727,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Leidos in the fourth quarter worth $266,419,000. Alliancebernstein L.P. lifted its position in Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after acquiring an additional 835,930 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after acquiring an additional 405,256 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Leidos by 435.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock valued at $67,032,000 after purchasing an additional 377,756 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company’s stock worth $79,053,000 after purchasing an additional 330,623 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the business’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 approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of 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. Company insiders own 0.96% of the company’s stock.

Leidos Trading Down 0.2 %

LDOS stock opened at $132.93 on Tuesday. 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 firm has a market cap of $17.04 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The business’s 50 day moving average is $135.48 and its 200-day moving average is $152.88.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Truist Financial reduced their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, 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 research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.07.

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.