Federated Hermes Inc. Has $5.40 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Federated Hermes Inc. boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 38.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,448 shares of the aerospace company's stock after buying an additional 10,347 shares during the period. Federated Hermes Inc.'s holdings in Leidos were worth $5,395,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Verdence Capital Advisors LLC boosted its holdings in Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares during the period. Smartleaf Asset Management LLC grew its position in Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after buying an additional 77 shares in the last quarter. Fifth Third Bancorp grew its position in Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after buying an additional 86 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after acquiring an additional 95 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Leidos by 2.0% in 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 acquiring an additional 100 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

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Insider Activity at Leidos

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

Leidos Trading Down 1.0 %

Leidos stock traded down $1.49 during trading hours on Tuesday, hitting $141.50. The stock had a trading volume of 1,453,734 shares, compared to its average volume of 1,202,705. The business's 50 day simple moving average is $135.08 and its 200-day simple moving average is $151.95. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.21 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 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Leidos's dividend payout ratio is 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of analyst reports. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research note on Friday. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. TD Cowen cut shares of Leidos from a "buy" rating to a "hold" rating and decreased their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Truist Financial cut their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday. Finally, UBS Group decreased their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $179.23.

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.