Sawgrass Asset Management LLC Has $7 Million Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Sawgrass Asset Management LLC cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,706 shares of the aerospace company’s stock after selling 37,866 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Leidos were worth $7,004,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LDOS. Victory Capital Management Inc. boosted its stake in shares of Leidos by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company’s stock valued at $532,937,000 after purchasing an additional 39,174 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Leidos by 6.2% during the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after purchasing an additional 272,090 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Leidos by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company’s stock worth $280,554,000 after acquiring an additional 169,351 shares during the last quarter. FMR LLC raised its position in shares of Leidos by 36.1% during the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock worth $166,687,000 after acquiring an additional 479,906 shares during the last quarter. Finally, Pzena Investment Management LLC raised its position in shares of Leidos by 320.1% during the third quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company’s stock worth $114,902,000 after acquiring an additional 949,955 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Performance

Shares of Leidos stock traded up $2.65 during mid-day trading on Wednesday, hitting $145.50. 1,202,888 shares of the stock were exchanged, compared to its average volume of 910,583. The company has a market capitalization of $19.67 billion, a P/E ratio of 62.72, a P/E/G ratio of 1.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The company has a 50-day simple moving average of $130.16 and a 200 day simple moving average of $116.43. Leidos Holdings, Inc. has a 12 month low of $76.58 and a 12 month high of $145.50.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.36 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. Leidos’s dividend payout ratio is presently 65.52%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LDOS. Robert W. Baird raised their price objective on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. 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. Bank of America increased their price target on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. TheStreet upgraded shares of Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Finally, Wells Fargo & Company lifted their price target on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.67.

Insiders Place Their Bets

In other news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly 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 this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly 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 this hyperlink. Also, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.