BI Asset Management Fondsmaeglerselskab A S Purchases 9,118 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 129.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,161 shares of the aerospace company's stock after buying an additional 9,118 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Leidos were worth $2,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after purchasing an additional 84,003 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 405,256 shares during the period. Geode Capital Management LLC boosted its stake in Leidos by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after acquiring an additional 27,410 shares during the last quarter. Invesco Ltd. grew its holdings in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after acquiring an additional 682,532 shares during the period. Finally, First Trust Advisors LP grew its holdings in Leidos by 8.9% during the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock worth $273,920,000 after acquiring an additional 155,481 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Up 0.3 %

NYSE LDOS traded up $0.38 on Friday, reaching $145.94. The company had a trading volume of 1,212,777 shares, compared to its average volume of 1,215,082. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company's fifty day moving average is $136.04 and its 200-day moving average is $150.43.

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, 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, research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 1.10%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and lowered their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Truist Financial lowered their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $179.23.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the 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 transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the 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 approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.