Mirae Asset Global Investments Co. Ltd. Buys 2,075 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Mirae Asset Global Investments Co. Ltd. increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,539 shares of the aerospace company's stock after buying an additional 2,075 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Leidos were worth $1,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the period. Vision Financial Markets LLC bought a new position in Leidos in the 4th quarter worth $57,000. Sentry Investment Management LLC bought a new position in Leidos in the 1st quarter worth $55,000. Finally, Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Down 0.1%

LDOS traded down $0.12 during trading hours on Monday, reaching $164.44. 1,280,793 shares of the company's stock traded hands, compared to its average volume of 1,277,510. The firm has a 50-day moving average price of $152.50 and a 200 day moving average price of $144.52. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. 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 firm 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.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. During the same quarter in the previous year, the business earned $2.29 EPS. Leidos's revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict 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. Shareholders of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus set a $178.00 price target on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Wells Fargo & Company raised their price target on 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 raised their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. UBS Group lifted their target price on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Truist Financial reduced their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $177.46.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The stock was 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 $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by company insiders.

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.