Artemis Investment Management LLP lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,694 shares of the aerospace company's stock after selling 1,796 shares during the period. Artemis Investment Management LLP owned 0.05% of Leidos worth $9,752,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Leidos by 1.0% in the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock valued at $945,458,000 after purchasing an additional 56,066 shares during the period. JPMorgan Chase & Co. grew its position in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after buying an additional 405,256 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Leidos by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock valued at $546,912,000 after buying an additional 42,358 shares during the period. FMR LLC raised its holdings in shares of Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after acquiring an additional 522,764 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Leidos by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company's stock worth $351,007,000 after acquiring an additional 53,307 shares during the period. Institutional investors own 76.12% of the company's stock.
Insider Activity
In other Leidos news, Director Noel B. Geer bought 2,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $322,260. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares of the company's stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.
Leidos Stock Performance
Shares of LDOS stock traded up $0.10 during mid-day trading on Monday, reaching $155.19. The stock had a trading volume of 1,318,023 shares, compared to its average volume of 1,034,872. Leidos Holdings, Inc. has a 1-year low of $107.73 and a 1-year high of $202.90. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.98 and a beta of 0.66. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The business's fifty day moving average is $157.02 and its 200-day moving average is $158.10.
Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $2.03 EPS. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.
Leidos Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is presently 18.22%.
Wall Street Analyst Weigh In
LDOS has been the subject of several research reports. Barclays upped their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. UBS Group initiated coverage on Leidos in a research report on Monday, December 2nd. They set a "neutral" rating and a $182.00 target price on the stock. Citigroup boosted their price target on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered Leidos from a "buy" rating to a "neutral" rating and cut their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Truist Financial decreased their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $179.07.
Get Our Latest Stock Analysis on LDOS
About Leidos
(
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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