Invesco Ltd. Raises Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Invesco Ltd. increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,630,448 shares of the aerospace company's stock after purchasing an additional 682,532 shares during the period. Invesco Ltd. owned 1.97% of Leidos worth $378,942,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LDOS. Norges Bank acquired a new stake in shares of Leidos during the fourth quarter valued at about $266,419,000. Alliancebernstein L.P. raised its position in Leidos by 510.6% in the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares during the period. JPMorgan Chase & Co. raised its position in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Thrivent Financial for Lutherans lifted its stake in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after buying an additional 330,623 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday. Wells Fargo & Company reduced their price objective on Leidos from $191.00 to $173.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and reduced their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research report on Friday. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.23.

Leidos Stock Up 1.1 %

Shares of NYSE:LDOS traded up $1.49 during trading on Monday, hitting $143.37. 735,844 shares of the company were exchanged, compared to its average volume of 1,199,757. The firm's 50 day moving average price is $135.05 and its 200-day moving average price is $152.06. Leidos Holdings, Inc. has a 12-month low of $123.23 and a 12-month high of $202.90. 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 stock has a market capitalization of $18.38 billion, a P/E ratio of 15.52, a PEG ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's dividend payout ratio is currently 17.32%.

Insider Activity

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

Leidos 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.