Sumitomo Mitsui DS Asset Management Company Ltd Buys 345 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,203 shares of the aerospace company’s stock after acquiring an additional 345 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Leidos were worth $1,213,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Leidos during the 4th quarter valued at about $28,000. Itau Unibanco Holding S.A. bought a new position in Leidos in the third quarter worth approximately $30,000. Lindbrook Capital LLC boosted its holdings in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Leidos in the fourth quarter worth approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Leidos in the third quarter worth approximately $49,000. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on 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 completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Leidos 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 owns 11,352 shares in the company, valued at $1,413,210.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction dated 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 owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Leidos Price Performance

Leidos stock opened at $129.88 on Friday. Leidos Holdings, Inc. has a one year low of $76.58 and a one year high of $131.50. The business has a fifty day moving average price of $127.46 and a 200-day moving average price of $113.44. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. The firm has a market capitalization of $17.55 billion, a P/E ratio of 91.47, a PEG ratio of 1.78 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted 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. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 7.77 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, March 14th. Leidos’s dividend payout ratio is 107.04%.

Analyst Ratings Changes

Several analysts have recently commented on LDOS shares. Robert W. Baird increased their price objective on Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Argus increased their price target on Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Bank of America increased their price target on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Jefferies Financial Group increased their price target on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Finally, Truist Financial increased their price objective on Leidos from $135.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $132.42.

Leidos 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.