58,356 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Acquired by FIL Ltd

FIL Ltd purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 58,356 shares of the aerospace company's stock, valued at approximately $8,407,000.

Other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in shares of Leidos in the fourth quarter worth $27,000. Berbice Capital Management LLC bought a new stake in shares of Leidos in the 4th quarter worth about $29,000. Mather Group LLC. raised its stake in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Human Investing LLC bought a new position in shares of Leidos during the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC acquired a new position in Leidos in the fourth quarter worth about $57,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Insider Buying and Selling at Leidos

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

Leidos Stock Performance

Shares of LDOS traded down $1.49 during mid-day trading on Tuesday, reaching $141.50. 1,453,734 shares of the company's stock traded hands, compared to its average volume of 1,204,240. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The business's 50-day moving average price is $135.10 and its 200-day moving average price is $151.88. The stock has a market capitalization of $18.14 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90.

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

Leidos Announces Dividend

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

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.