New Age Alpha Advisors LLC Has $333,000 Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

New Age Alpha Advisors LLC raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 2,079.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,310 shares of the aerospace company’s stock after buying an additional 2,204 shares during the period. New Age Alpha Advisors LLC’s holdings in Leidos were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Norges Bank bought a new stake in Leidos during the 4th quarter worth $266,419,000. NEOS Investment Management LLC grew its holdings in shares of Leidos by 26.5% during the fourth quarter. NEOS Investment Management LLC now owns 5,908 shares of the aerospace company’s stock worth $851,000 after purchasing an additional 1,239 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Leidos by 19.0% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,812 shares of the aerospace company’s stock valued at $2,278,000 after buying an additional 2,520 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Leidos by 10.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 215,051 shares of the aerospace company’s stock valued at $31,645,000 after buying an additional 20,972 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Leidos during the 4th quarter worth approximately $677,000. Institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of NYSE:LDOS opened at $134.77 on Wednesday. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The stock’s 50 day moving average is $136.59 and its 200-day moving average is $153.37. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its quarterly earnings data 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 net margin of 7.53% and a return on equity of 30.93%. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. Leidos’s dividend payout ratio is presently 17.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LDOS. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Truist Financial reduced 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. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. UBS Group reduced their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $178.07.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction 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 transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction 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 represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

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.