21,240 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Strs Ohio

Strs Ohio acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,240 shares of the aerospace company’s stock, valued at approximately $2,299,000.

Other large investors also recently added to or reduced their stakes in the company. United Capital Financial Advisers LLC grew its position in shares of Leidos by 1.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 6,651 shares of the aerospace company’s stock worth $718,000 after buying an additional 107 shares in the last quarter. Lido Advisors LLC increased its position in Leidos by 0.9% during the 1st quarter. Lido Advisors LLC now owns 13,762 shares of the aerospace company’s stock valued at $1,486,000 after purchasing an additional 119 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Leidos by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company’s stock valued at $1,001,000 after purchasing an additional 122 shares in the last quarter. Signaturefd LLC lifted its position in shares of Leidos by 9.3% in the 3rd quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company’s stock worth $147,000 after purchasing an additional 135 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Leidos by 10.5% during the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 137 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Bank of America boosted their price target on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Barclays raised Leidos from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Argus boosted their target price on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Wells Fargo & Company raised their price target on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Two 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 stock. According to MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $132.42.

Insiders Place Their Bets

In other news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the sale, the director now directly owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Stock Up 0.9 %

NYSE:LDOS opened at $124.92 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. Leidos Holdings, Inc. has a twelve month low of $76.58 and a twelve month high of $131.50. The company has a market cap of $16.88 billion, a PE ratio of 87.97, a P/E/G ratio of 1.71 and a beta of 0.70. The company’s 50 day moving average is $126.78 and its two-hundred day moving average is $112.41.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. During the same quarter in the previous year, the firm posted $1.83 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that Leidos Holdings, Inc. will post 7.76 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.22%. Leidos’s dividend payout ratio (DPR) is presently 107.04%.

About Leidos

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.