Tokio Marine Asset Management Co. Ltd. Purchases 209 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Tokio Marine Asset Management Co. Ltd. raised its position in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,133 shares of the aerospace company’s stock after purchasing an additional 209 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Leidos were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Royal London Asset Management Ltd. increased its position in Leidos by 23.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 22,879 shares of the aerospace company’s stock valued at $2,108,000 after acquiring an additional 4,287 shares during the period. GSA Capital Partners LLP lifted its holdings in Leidos by 21.1% during the 3rd quarter. GSA Capital Partners LLP now owns 8,565 shares of the aerospace company’s stock worth $789,000 after buying an additional 1,493 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Leidos by 59.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 58,744 shares of the aerospace company’s stock valued at $5,414,000 after buying an additional 21,905 shares during the last quarter. Creative Planning increased its stake in shares of Leidos by 15.6% in the third quarter. Creative Planning now owns 95,319 shares of the aerospace company’s stock valued at $8,785,000 after buying an additional 12,839 shares during the period. Finally, Spartan Planning & Wealth Management bought a new position in shares of Leidos during the third quarter worth about $207,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Roy E. Stevens sold 875 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now owns 44,149 shares in the company, valued at $6,651,929.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Up 0.6 %

Shares of NYSE:LDOS opened at $146.36 on Monday. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 63.56, a PEG ratio of 1.50 and a beta of 0.68. The business’s 50 day moving average is $145.67 and its 200 day moving average is $129.08. Leidos Holdings, Inc. has a 12-month low of $87.73 and a 12-month high of $151.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07.

Leidos (NYSE:LDOSGet Free Report) last posted its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the business posted $1.47 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, June 14th. Leidos’s payout ratio is 65.52%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LDOS shares. Bank of America increased their target price on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Truist Financial reissued a “buy” rating and set a $165.00 target price (up previously from $150.00) on shares of Leidos in a research note on Wednesday, May 1st. Royal Bank of Canada increased their price target on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Finally, Robert W. Baird raised their target price on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. 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 company’s stock. Based on data from MarketBeat, Leidos currently has an average rating of “Moderate Buy” and a consensus price target of $146.08.

Get Our Latest Stock Analysis on LDOS

Leidos Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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