Resona Asset Management Co. Ltd. Buys Shares of 38,583 Leidos Holdings, Inc. (NYSE:LDOS)

Resona Asset Management Co. Ltd. purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,583 shares of the aerospace company's stock, valued at approximately $5,561,000.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of Leidos by 24.3% in the third quarter. Captrust Financial Advisors now owns 5,500 shares of the aerospace company's stock worth $896,000 after acquiring an additional 1,074 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Leidos during the third quarter worth approximately $1,734,000. iA Global Asset Management Inc. increased its stake in Leidos by 16.4% in the 3rd quarter. iA Global Asset Management Inc. now owns 6,544 shares of the aerospace company's stock valued at $1,067,000 after buying an additional 920 shares during the period. MML Investors Services LLC lifted its position in Leidos by 414.8% in the 3rd quarter. MML Investors Services LLC now owns 30,532 shares of the aerospace company's stock worth $4,977,000 after buying an additional 24,601 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Leidos by 8.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 38,763 shares of the aerospace company's stock valued at $6,318,000 after acquiring an additional 2,970 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business'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 completion of the sale, the director now owns 6,408 shares in the company, valued at $862,260.48. The trade was 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 business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of 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. Corporate insiders own 0.96% of the company's stock.

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Leidos Trading Up 0.6 %

Shares of LDOS traded up $0.82 on Monday, reaching $142.70. 138,578 shares of the company's stock were exchanged, compared to its average volume of 1,197,260. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $18.30 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The business has a 50 day moving average price of $135.05 and a two-hundred day moving average price of $152.06.

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

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, March 14th. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of research reports. UBS Group reduced their price objective on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Friday. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Truist Financial decreased their price target on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $179.23.

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.