CIBC Asset Management Inc Buys 671 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

CIBC Asset Management Inc raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,866 shares of the aerospace company’s stock after buying an additional 671 shares during the period. CIBC Asset Management Inc’s holdings in Leidos were worth $3,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in shares of Leidos by 6.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 99 shares during the last quarter. Axecap Investments LLC bought a new stake in Leidos in the 3rd quarter valued at about $3,886,000. International Assets Investment Management LLC boosted its holdings in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after purchasing an additional 375,495 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Leidos by 12.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,879 shares of the aerospace company’s stock valued at $795,000 after purchasing an additional 524 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Leidos by 14.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,980 shares of the aerospace company’s stock valued at $812,000 after purchasing an additional 632 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Stock Down 1.0 %

Leidos stock opened at $130.17 on Friday. Leidos Holdings, Inc. has a 1-year low of $122.76 and a 1-year high of $202.90. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.67 and a beta of 0.66. The firm’s fifty day moving average price is $145.35 and its two-hundred day moving average price is $156.95. 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 (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, March 14th. Leidos’s payout ratio is currently 17.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LDOS. Cantor Fitzgerald began coverage on shares of Leidos in a report on Friday, February 7th. They set an “overweight” rating and a $185.00 price target for the company. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group cut their price target on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Barclays upped their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Truist Financial lowered their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $176.27.

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.