JPMorgan Chase & Co. Purchases 251,245 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• JPMorgan Chase & Co. increased its stake in Leidos Holdings, Inc. by 7.9% during the first quarter, acquiring an additional 251,245 shares, bringing its total ownership to approximately 3.4 million shares worth $461 million.
• Leidos recently reported quarterly earnings of $3.21 per share, surpassing analyst expectations and showcasing a 2.9% revenue increase year-over-year, totaling $4.25 billion.
• The company announced a quarterly dividend of $0.40 per share, with an expected annual yield of 0.9%, reinforcing its financially stable position with a low dividend payout ratio of 15.12%.

JPMorgan Chase & Co. grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 7.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,416,817 shares of the aerospace company's stock after acquiring an additional 251,245 shares during the quarter. JPMorgan Chase & Co. owned about 2.65% of Leidos worth $461,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos during the 4th quarter valued at $25,000. REAP Financial Group LLC raised its holdings in 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 period. MCF Advisors LLC purchased a new stake in Leidos during the 1st quarter valued at $27,000. Optimum Investment Advisors raised its holdings in Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Leidos during the 1st quarter valued at $33,000. 76.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on LDOS shares. Truist Financial decreased their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company increased their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group increased their target price on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and increased their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $179.46.

Leidos Stock Performance

Shares of Leidos stock opened at $177.23 on Tuesday. The firm has a market cap of $22.74 billion, a P/E ratio of 16.75, a P/E/G ratio of 2.01 and a beta of 0.65. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The stock's fifty day moving average price is $158.33 and its 200-day moving average price is $147.21.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Leidos's dividend payout ratio (DPR) is presently 15.12%.

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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