National Bank of Canada FI Raises Position in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• National Bank of Canada FI increased its position in Leidos Holdings, Inc. by 65.4%, owning 110,690 shares worth approximately $14.94 million as of the end of the first quarter.
• Leidos reported a quarterly earnings per share (EPS) of $3.21, surpassing analysts' estimates of $2.63, with revenues totaling $4.25 billion.
• The company declared a quarterly dividend of $0.40, set to be paid on September 30th, with an annualized yield of 0.9%.

National Bank of Canada FI lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,690 shares of the aerospace company's stock after purchasing an additional 43,768 shares during the period. National Bank of Canada FI owned 0.09% of Leidos worth $14,936,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Leidos in the 4th quarter valued at approximately $25,000. REAP Financial Group LLC grew its stake in Leidos by 422.2% in 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 in the last quarter. MCF Advisors LLC purchased a new position in Leidos in the 1st quarter valued at approximately $27,000. Optimum Investment Advisors grew its stake in Leidos by 260.0% in 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 in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Leidos in the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Up 0.4%

Shares of LDOS stock opened at $177.23 on Tuesday. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.01 and a beta of 0.65. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company's fifty day moving average price is $158.33 and its 200-day moving average price is $147.21. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50.

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

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Leidos's payout ratio is 15.12%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LDOS shares. Truist Financial reduced their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research note on Tuesday, May 27th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Citigroup restated a "buy" rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

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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