Mirae Asset Global Investments Co. Ltd. Has $5.02 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 46,419 shares of the aerospace company’s stock after selling 1,290 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Leidos were worth $5,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tritonpoint Wealth LLC bought a new stake in Leidos during the fourth quarter worth $390,000. Financial Security Advisor Inc. bought a new stake in Leidos during the fourth quarter worth $212,000. International Assets Investment Management LLC bought a new stake in Leidos during the fourth quarter worth $18,976,000. Arizona State Retirement System lifted its stake in Leidos by 0.9% during the fourth quarter. Arizona State Retirement System now owns 35,862 shares of the aerospace company’s stock worth $3,882,000 after purchasing an additional 312 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Leidos during the fourth quarter worth $28,000. 76.12% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 value of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares in the company, 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 other 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 value of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the sale, the director now 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 company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LDOS shares. Royal Bank of Canada increased their price target on Leidos from $105.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Wells Fargo & Company increased their price target on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Robert W. Baird increased their price target on Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Truist Financial increased their price target on Leidos from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.42.

Leidos Stock Performance

Shares of Leidos stock opened at $124.91 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $125.87 and a two-hundred day moving average price of $111.80. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $131.50. The company has a market cap of $16.88 billion, a P/E ratio of 87.97, a PEG ratio of 1.74 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings results 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 firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the business posted $1.83 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that Leidos Holdings, Inc. will post 7.76 EPS for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. Leidos’s dividend payout ratio is presently 107.04%.

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.