Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 43.1% in the fourth quarter, Holdings Channel reports. The fund owned 604 shares of the aerospace company’s stock after purchasing an additional 182 shares during the period. Global Retirement Partners LLC’s holdings in Leidos were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. KB Financial Partners LLC acquired a new position in shares of Leidos during the first quarter worth about $25,000. Chilton Capital Management LLC purchased a new stake in Leidos in the 1st quarter valued at approximately $27,000. Money Concepts Capital Corp increased its position in Leidos by 548.8% during the 4th quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 225 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Leidos during the 3rd quarter worth approximately $30,000. Finally, Quarry LP lifted its holdings in shares of Leidos by 1,340.7% in the 1st quarter. Quarry LP now owns 389 shares of the aerospace company’s stock valued at $36,000 after buying an additional 362 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LDOS. Bank of America upped their price objective on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Truist Financial upped their price target on shares of Leidos from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their price objective on Leidos from $105.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Barclays raised shares of Leidos from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Finally, Robert W. Baird lifted their price target on shares of Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $130.82.

Leidos Price Performance

LDOS opened at $128.66 on Monday. Leidos Holdings, Inc. has a twelve month low of $76.58 and a twelve month high of $131.50. 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 firm has a market cap of $17.39 billion, a price-to-earnings ratio of 90.61, a PEG ratio of 1.78 and a beta of 0.70. The company has a fifty day simple moving average of $123.99 and a 200 day simple moving average of $110.32.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) 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 business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that Leidos Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Leidos Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.18%. Leidos’s dividend payout ratio (DPR) is presently 107.04%.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction dated 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 approximately $1,413,210.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 directly owns 14,696 shares in the company, valued at $1,879,471.44. The disclosure for this sale can be found here. Corporate 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.