BI Asset Management Fondsmaeglerselskab A S Grows Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 129.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,161 shares of the aerospace company’s stock after acquiring an additional 9,118 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Leidos were worth $2,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LDOS. Verdence Capital Advisors LLC grew its stake in shares of Leidos by 4.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company’s stock worth $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Leidos by 20.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock valued at $65,000 after acquiring an additional 77 shares during the period. Fifth Third Bancorp raised its stake in shares of Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after buying an additional 95 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Leidos by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company’s stock worth $749,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 0.7 %

Shares of NYSE:LDOS opened at $138.44 on Tuesday. The company has a 50 day moving average of $135.06 and a two-hundred day moving average of $151.07. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued 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 return on equity of 30.93% and a net margin of 7.53%. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Insider Activity

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the 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 sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred 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 sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of recent analyst reports. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Truist Financial reduced their target price on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. UBS Group decreased their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.23.

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.