Neo Ivy Capital Management Trims Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Neo Ivy Capital Management lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,508 shares of the aerospace company’s stock after selling 3,404 shares during the period. Neo Ivy Capital Management’s holdings in Leidos were worth $361,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos in the 4th quarter worth about $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos in the fourth quarter worth about $27,000. Berbice Capital Management LLC bought a new position in shares of Leidos in the fourth quarter valued at approximately $29,000. Mather Group LLC. grew its stake in Leidos by 143.1% during 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. Finally, Human Investing LLC bought a new stake in Leidos during the 4th quarter worth approximately $52,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of NYSE LDOS opened at $152.60 on Friday. The stock’s 50-day moving average is $144.46 and its 200 day moving average is $147.93. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year 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.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.05%. Leidos’s payout ratio is 16.10%.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

LDOS has been the subject of several analyst reports. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Truist Financial dropped their price target on Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average target price of $180.69.

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.