Asset Management One Co. Ltd. Grows Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Asset Management One Co. Ltd. raised its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,847 shares of the aerospace company's stock after acquiring an additional 12,878 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Leidos were worth $8,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Leidos in the fourth quarter valued at approximately $25,000. Duncker Streett & Co. Inc. purchased a new position in shares of Leidos during the 4th quarter valued at $27,000. REAP Financial Group LLC lifted its position in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Leidos during the first quarter valued at about $55,000. Finally, Vision Financial Markets LLC purchased a new stake in Leidos during the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company's stock.

Leidos Price Performance

Shares of NYSE LDOS opened at $155.71 on Friday. The firm has a market capitalization of $20.04 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.88 and a beta of 0.63. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. The stock's 50-day simple moving average is $150.17 and its two-hundred day simple moving average is $144.05. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's payout ratio is 16.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LDOS shares. Wells Fargo & Company upped their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Royal Bank Of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $177.46.

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.

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