Mitsubishi UFJ Asset Management Co. Ltd. Has $31.65 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,051 shares of the aerospace company's stock after acquiring an additional 20,972 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Leidos worth $31,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LDOS. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Leidos in the 4th quarter valued at approximately $677,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Leidos by 24.2% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,168 shares of the aerospace company's stock valued at $456,000 after buying an additional 617 shares during the period. Bay Capital Advisors LLC bought a new stake in shares of Leidos during the fourth quarter worth $232,000. EntryPoint Capital LLC raised its holdings in shares of Leidos by 104.9% during the fourth quarter. EntryPoint Capital LLC now owns 2,656 shares of the aerospace company's stock worth $383,000 after acquiring an additional 1,360 shares during the period. Finally, Interchange Capital Partners LLC lifted its position in Leidos by 6.7% in the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock valued at $244,000 after acquiring an additional 106 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

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Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction 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 transaction, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction 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 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 owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on LDOS. TD Cowen downgraded 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 note on Wednesday, January 8th. Truist Financial dropped their target price on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, UBS Group reduced their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.07.

Leidos Stock Performance

NYSE LDOS traded down $0.17 during trading on Tuesday, reaching $134.77. 1,512,474 shares of the company's stock were exchanged, compared to its average volume of 1,148,326. 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 business has a 50 day moving average price of $137.11 and a 200-day moving average price of $153.52. The stock has a market capitalization of $17.28 billion, a P/E ratio of 14.59, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's payout ratio is 17.32%.

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.