Sumitomo Mitsui Trust Group Inc. Lowers Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,690 shares of the aerospace company's stock after selling 9,020 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Leidos worth $45,028,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. SVB Wealth LLC purchased a new position in Leidos in the fourth quarter worth about $459,000. US Bancorp DE boosted its stake in shares of Leidos by 12.9% during the 4th quarter. US Bancorp DE now owns 9,309 shares of the aerospace company's stock worth $1,341,000 after acquiring an additional 1,061 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after acquiring an additional 77 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Leidos by 25.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,420 shares of the aerospace company's stock worth $349,000 after purchasing an additional 488 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Leidos in the 4th quarter worth $108,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.96% of the company's stock.

Leidos Price Performance

LDOS stock traded up $2.95 during trading on Thursday, hitting $165.57. 441,690 shares of the company's stock traded hands, compared to its average volume of 1,268,299. The business has a fifty day simple moving average of $151.37 and a 200 day simple moving average of $144.20. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.95 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion during 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 firm's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.29 earnings per share. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LDOS. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research report on Tuesday, May 27th. UBS Group raised their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Truist Financial dropped their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Seven 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.