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

Mirae Asset Global Investments Co. Ltd. increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,539 shares of the aerospace company's stock after acquiring an additional 2,075 shares during the quarter. 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.

A number of other large investors have also recently modified their holdings of LDOS. Sowell Financial Services LLC bought a new position in Leidos during the 1st quarter valued at approximately $267,000. HM Payson & Co. lifted its stake in shares of Leidos by 959.8% in the fourth quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company's stock worth $342,000 after buying an additional 2,150 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after buying an additional 682,532 shares in the last quarter. MidWestOne Financial Group Inc. lifted its stake in shares of Leidos by 47.8% in the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after buying an additional 6,418 shares in the last quarter. Finally, LBP AM SA lifted its position in Leidos by 54.8% in the 4th quarter. LBP AM SA now owns 21,665 shares of the aerospace company's stock valued at $3,121,000 after acquiring an additional 7,665 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

NYSE LDOS traded down $0.12 on Monday, reaching $164.44. 1,269,740 shares of the stock were exchanged, compared to its average volume of 1,277,465. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. 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. The company's 50-day simple moving average is $152.12 and its two-hundred day simple moving average is $144.38. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.

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

Leidos Announces Dividend

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

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports 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. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Truist Financial lowered their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada increased 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. Finally, Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Seven equities research 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. According to MarketBeat.com, the company 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.