Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 10.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,115 shares of the aerospace company’s stock after purchasing an additional 4,696 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Leidos were worth $6,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Leidos in the 4th quarter worth approximately $28,000. Lindbrook Capital LLC lifted its stake in Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Leidos during the 4th quarter valued at approximately $35,000. Tidemark LLC acquired a new stake in Leidos during the 4th quarter valued at approximately $41,000. Finally, Friedenthal Financial acquired a new stake in Leidos during the 4th quarter valued at approximately $43,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on LDOS. StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Stifel Nicolaus lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Jefferies Financial Group lifted their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Robert W. Baird lifted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $165.00 target price (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.08.

Check Out Our Latest Analysis on Leidos

Leidos Stock Performance

NYSE:LDOS opened at $145.05 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The company has a fifty day moving average of $146.05 and a two-hundred day moving average of $129.62. The stock has a market capitalization of $19.61 billion, a PE ratio of 62.52, a P/E/G ratio of 1.50 and a beta of 0.68. Leidos Holdings, Inc. has a fifty-two week low of $87.73 and a fifty-two week high of $151.32.

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

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, June 14th. Leidos’s dividend payout ratio (DPR) is 65.52%.

Insider Activity

In other 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 value of $131,836.25. Following the completion of the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.96% of the company’s stock.

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.

Featured Stories

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOSFree Report).

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.