Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 193,652 shares of the aerospace company’s stock after buying an additional 13,035 shares during the quarter. New York State Common Retirement Fund’s holdings in Leidos were worth $20,961,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Leidos in the fourth quarter valued at approximately $28,000. Itau Unibanco Holding S.A. purchased a new position in shares of Leidos in the third quarter valued at approximately $30,000. Lindbrook Capital LLC lifted its position in shares of Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Leidos in the fourth quarter valued at approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Leidos during the third quarter worth approximately $49,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Up 0.4 %

Shares of NYSE LDOS opened at $130.36 on Friday. Leidos Holdings, Inc. has a 52-week low of $76.58 and a 52-week high of $131.50. The business has a 50-day moving average price of $127.59 and a 200 day moving average price of $113.83. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. The stock has a market cap of $17.62 billion, a PE ratio of 91.80, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share 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 company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Leidos Holdings, Inc. will post 7.77 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.17%. Leidos’s dividend payout ratio (DPR) is 107.04%.

Analyst Ratings Changes

A number of equities analysts recently commented on LDOS shares. Truist Financial lifted their price objective on Leidos from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Bank of America lifted their target price on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Robert W. Baird lifted their target price on Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Barclays raised Leidos from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average price target of $132.42.

Insider Transactions at Leidos

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

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.