Bank of Montreal Can Boosts Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Bank of Montreal Can boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 27.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,467 shares of the aerospace company's stock after buying an additional 31,247 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Leidos worth $20,956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after purchasing an additional 84,003 shares during the period. JPMorgan Chase & Co. increased its holdings in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares in the last quarter. Geode Capital Management LLC lifted its stake in Leidos by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after buying an additional 27,410 shares during the period. Norges Bank bought a new position in shares of Leidos during the 4th quarter worth approximately $266,419,000. Finally, Alliancebernstein L.P. grew its position in shares of Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after buying an additional 835,930 shares during the period. Institutional investors own 76.12% of the company's stock.

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Leidos Stock Down 1.0 %

Shares of LDOS traded down $1.49 during trading hours on Tuesday, reaching $141.50. 1,453,734 shares of the stock traded hands, compared to its average volume of 1,202,705. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.65 and a beta of 0.66. The stock has a fifty day simple moving average of $135.08 and a 200 day simple moving average of $151.95. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, March 14th. Leidos's payout ratio is 17.32%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LDOS shares. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and cut their target price for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. UBS Group cut their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Truist Financial lowered their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company reduced their price target on shares of Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.23.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Company 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.