United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $677,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,700 shares of the aerospace company's stock, valued at approximately $677,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after acquiring an additional 522,764 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after acquiring an additional 405,256 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Leidos by 435.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after acquiring an additional 377,756 shares in the last quarter. Teacher Retirement System of Texas increased its stake in 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 acquiring an additional 330,623 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Leidos during the fourth quarter worth about $40,402,000. 76.12% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, Director Gary Stephen May sold 2,128 shares of the firm's 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 transaction, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the 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 directly owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Stock Down 1.3 %

LDOS stock traded down $1.73 during trading on Friday, hitting $133.95. 1,590,176 shares of the stock traded hands, compared to its average volume of 1,144,090. 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 cap of $17.17 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The firm's 50 day moving average is $137.51 and its two-hundred day moving average is $153.64.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos's dividend payout ratio (DPR) is 17.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. UBS Group lowered their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and lowered their price objective for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Six investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.07.

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.