Leidos Holdings, Inc. (NYSE:LDOS) Stake Boosted by State of Wyoming

State of Wyoming raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 250.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,906 shares of the aerospace company’s stock after purchasing an additional 2,077 shares during the quarter. State of Wyoming’s holdings in Leidos were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in LDOS. Verdence Capital Advisors LLC boosted its holdings in shares of Leidos by 4.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company’s stock valued at $242,000 after acquiring an additional 77 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Leidos by 20.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 77 shares during the period. Fifth Third Bancorp lifted its position in Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after purchasing an additional 86 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Leidos by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company’s stock valued at $749,000 after purchasing an additional 100 shares during the period. Finally, Interchange Capital Partners LLC boosted its stake in Leidos by 6.7% during the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company’s stock valued at $244,000 after purchasing an additional 106 shares during the period. Institutional investors own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LDOS. UBS Group raised their price target on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 30th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Truist Financial reduced their price target on Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company increased their price target on Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.69.

Leidos Stock Performance

LDOS opened at $160.27 on Wednesday. The business has a 50 day moving average price of $143.29 and a two-hundred day moving average price of $148.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. Leidos’s dividend payout ratio (DPR) is 16.10%.

About Leidos

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.