Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Comerica Bank

Comerica Bank raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,906 shares of the aerospace company's stock after buying an additional 8,402 shares during the period. Comerica Bank owned about 0.05% of Leidos worth $9,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its holdings in Leidos by 4.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after acquiring an additional 77 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares during the period. Fifth Third Bancorp grew its holdings in shares of Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after buying an additional 95 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Leidos by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after buying an additional 100 shares during the period. Institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

NYSE LDOS traded down $0.92 during trading hours on Monday, hitting $147.87. The company had a trading volume of 1,814,671 shares, compared to its average volume of 1,200,512. The company has a market cap of $18.96 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The business has a 50 day moving average of $138.18 and a 200-day moving average of $149.56. 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 (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.53% and a return on equity of 30.93%. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. Leidos's payout ratio is 17.32%.

Insiders Place Their Bets

In other 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 transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Leidos from $191.00 to $173.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Truist Financial lowered their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Five equities research 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $179.23.

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.