Strategic Global Advisors LLC Acquires 2,450 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Strategic Global Advisors LLC increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,576 shares of the aerospace company’s stock after purchasing an additional 2,450 shares during the quarter. Leidos makes up approximately 1.0% of Strategic Global Advisors LLC’s holdings, making the stock its 29th largest holding. Strategic Global Advisors LLC’s holdings in Leidos were worth $5,269,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LDOS. Norges Bank bought a new stake in shares of Leidos in the fourth quarter worth about $266,419,000. Alliancebernstein L.P. boosted its position in Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock valued at $144,011,000 after acquiring an additional 835,930 shares in the last quarter. Invesco Ltd. boosted its position in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after acquiring an additional 682,532 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after acquiring an additional 405,256 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock valued at $67,032,000 after acquiring an additional 377,756 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Gary Stephen May sold 2,128 shares of the firm’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 trade represents a 15.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory R. Dahlberg sold 1,250 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Up 1.5%

Leidos stock opened at $159.08 on Friday. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.65 and a beta of 0.65. 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 12 month low of $123.62 and a 12 month high of $202.90. The stock has a fifty day simple moving average of $142.23 and a two-hundred day simple moving average of $148.63.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.29 EPS. Equities analysts predict 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 will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date is Monday, June 16th. Leidos’s dividend payout ratio is currently 16.10%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 30th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company boosted their price target on Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.69.

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.