Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Leidos Holdings, Inc. by 10.9%, owning approximately 0.19% of the company worth about $32.2 million after acquiring additional shares.
• Leidos reported $3.21 earnings per share for the recent quarter, surpassing analyst expectations of $2.63, and had a net margin of 8.22% with $4.25 billion in revenue.
• The company announced a quarterly dividend of $0.40 per share, which will be paid to shareholders on September 30th, representing an annualized yield of 0.9%.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,593 shares of the aerospace company's stock after acquiring an additional 23,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Leidos worth $32,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after purchasing an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Leidos by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after purchasing an additional 536,452 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after purchasing an additional 402,454 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Leidos by 262.9% during the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after purchasing an additional 332,882 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Leidos during the 4th quarter worth approximately $40,402,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LDOS shares. Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada lifted their price objective on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

Leidos Stock Up 0.7%

Shares of NYSE LDOS opened at $176.52 on Monday. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The firm has a fifty day moving average of $157.62 and a 200-day moving average of $146.99. The stock has a market capitalization of $22.65 billion, a PE ratio of 16.68, a P/E/G ratio of 2.01 and a beta of 0.65. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

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

Leidos Dividend Announcement

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

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.

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