Harel Insurance Investments & Financial Services Ltd. Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Harel Insurance Investments & Financial Services Ltd. increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 35.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,636 shares of the aerospace company's stock after purchasing an additional 3,562 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Leidos were worth $1,840,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. US Bancorp DE raised its position in shares of Leidos by 12.9% during the fourth quarter. US Bancorp DE now owns 9,309 shares of the aerospace company's stock valued at $1,341,000 after buying an additional 1,061 shares during the last quarter. Smartleaf Asset Management LLC raised its position 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 buying an additional 77 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Leidos by 25.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,420 shares of the aerospace company's stock valued at $349,000 after buying an additional 488 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Leidos during the fourth quarter valued at approximately $108,000. Finally, Assetmark Inc. raised its position in shares of Leidos by 24.0% during the fourth quarter. Assetmark Inc. now owns 15,758 shares of the aerospace company's stock valued at $2,270,000 after buying an additional 3,051 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several research reports. Truist Financial reduced their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, UBS Group boosted their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and a consensus price target of $177.46.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director directly owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

Leidos Trading Down 0.1%

LDOS stock traded down $0.12 during mid-day trading on Monday, reaching $164.44. 1,280,793 shares of the stock traded hands, compared to its average volume of 1,277,510. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The stock has a market capitalization of $21.17 billion, a PE ratio of 16.54, a PEG ratio of 1.99 and a beta of 0.64. The business has a 50-day moving average price of $152.50 and a two-hundred day moving average price of $144.52.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same quarter in the previous year, the business posted $2.29 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio is currently 16.10%.

Leidos Company 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.