1,867,992 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Bought by Norges Bank

Norges Bank acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,867,992 shares of the aerospace company’s stock, valued at approximately $202,191,000. Norges Bank owned 1.36% of Leidos at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Spire Wealth Management grew its holdings in Leidos by 2.2% during the fourth quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock worth $632,000 after acquiring an additional 125 shares during the period. Signaturefd LLC grew its holdings in Leidos by 9.3% during the third quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company’s stock worth $147,000 after acquiring an additional 135 shares during the period. Covestor Ltd grew its holdings in Leidos by 10.5% during the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 137 shares during the period. New York Life Investment Management LLC grew its holdings in Leidos by 0.8% during the third quarter. New York Life Investment Management LLC now owns 19,735 shares of the aerospace company’s stock worth $1,819,000 after acquiring an additional 148 shares during the period. Finally, Hohimer Wealth Management LLC grew its holdings in Leidos by 1.0% during the third quarter. Hohimer Wealth Management LLC now owns 16,257 shares of the aerospace company’s stock worth $1,498,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LDOS. Robert W. Baird upped their target price on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Royal Bank of Canada upped their target price on Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Wells Fargo & Company upped their target price on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Bank of America upped their target price on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Truist Financial reissued a “buy” rating and issued a $165.00 target price (up previously from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.67.

Read Our Latest Analysis on LDOS

Leidos Stock Down 0.2 %

LDOS opened at $149.93 on Thursday. The business’s fifty day simple moving average is $134.06 and its 200 day simple moving average is $120.10. Leidos Holdings, Inc. has a 52 week low of $77.91 and a 52 week high of $151.11. The firm has a market cap of $20.27 billion, a P/E ratio of 64.63, a PEG ratio of 1.58 and a beta of 0.66. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07.

Leidos (NYSE:LDOSGet Free Report) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.01%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Buying and Selling

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by company insiders.

Leidos Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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