Allstate Corp Makes New $538,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Allstate Corp acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,738 shares of the aerospace company’s stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new stake in Leidos during the fourth quarter valued at about $27,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the fourth quarter worth about $29,000. Mather Group LLC. raised its stake in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Human Investing LLC purchased a new stake in Leidos during the 4th quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Leidos during the fourth quarter valued at approximately $57,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Trading Down 0.1 %

Shares of LDOS opened at $134.77 on Wednesday. The company’s fifty day simple moving average is $136.59 and its 200-day simple moving average is $153.37. The company has a market cap of $17.28 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.65 and a beta of 0.72. 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 Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping 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%. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and lowered their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.

Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

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.