Globeflex Capital L P Increases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Globeflex Capital L P raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 45.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,900 shares of the aerospace company’s stock after buying an additional 900 shares during the quarter. Globeflex Capital L P’s holdings in Leidos were worth $418,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its position in Leidos by 1.0% during the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after buying an additional 56,066 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Geode Capital Management LLC boosted its holdings in Leidos by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after purchasing an additional 42,358 shares during the last quarter. FMR LLC grew its position in Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after buying an additional 53,307 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

LDOS has been the topic of a number of recent research reports. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Truist Financial lowered their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.87.

Insider Transactions at Leidos

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 transaction of $279,278.72. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction 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 approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Trading Up 1.3 %

Shares of Leidos stock opened at $134.59 on Friday. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week 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 stock has a 50 day moving average of $140.42 and a 200 day moving average of $155.02.

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, topping 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%. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. Leidos’s dividend payout ratio is currently 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.