Global Retirement Partners LLC Boosts Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Global Retirement Partners LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 405.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,702 shares of the aerospace company’s stock after buying an additional 2,970 shares during the quarter. Global Retirement Partners LLC’s holdings in Leidos were worth $533,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its holdings in shares of Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after acquiring an additional 62 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its position in shares of Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after buying an additional 70 shares during the period. Fifth Third Bancorp grew its stake in shares of Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after buying an additional 86 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock valued at $691,000 after buying an additional 95 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake in Leidos by 6.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 99 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LDOS has been the subject of several research reports. Truist Financial dropped their target price on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Barclays raised their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Robert W. Baird increased their price objective on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Citigroup increased their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.27.

Insider Activity at Leidos

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

Leidos Trading Down 2.6 %

Shares of Leidos stock opened at $126.66 on Monday. The company’s fifty day moving average is $144.36 and its two-hundred day moving average is $156.84. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $16.61 billion, a P/E ratio of 13.71, a PEG ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

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.