Ontario Teachers Pension Plan Board Grows Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• The Ontario Teachers Pension Plan Board increased its holdings in Leidos Holdings, Inc. by 141.4% during the first quarter, owning a total of 7,892 shares valued at approximately $1,065,000.
• In recent analyst evaluations, UBS Group raised its price target for Leidos from $168.00 to $184.00, while other firms have made various adjustments resulting in a current average price target of $179.46.
• Leidos announced a quarterly dividend of $0.40, reflecting an annualized amount of $1.60 with a dividend yield of 0.9%, payable on September 30th.

Ontario Teachers Pension Plan Board boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 141.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,892 shares of the aerospace company's stock after purchasing an additional 4,623 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Leidos were worth $1,065,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos in the fourth quarter valued at $25,000. REAP Financial Group LLC grew its holdings in shares of Leidos by 422.2% in the fourth 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 last quarter. MCF Advisors LLC bought a new position in shares of Leidos in the first quarter worth about $27,000. Optimum Investment Advisors grew its holdings in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Leidos in the first quarter worth about $54,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LDOS. UBS Group upped their price target on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a report on Tuesday, May 27th. Finally, Citigroup reiterated a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a report on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average price target of $179.46.

Leidos Stock Up 0.7%

NYSE:LDOS opened at $176.52 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The stock has a market capitalization of $22.65 billion, a P/E ratio of 16.68, a P/E/G ratio of 2.00 and a beta of 0.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 1.62. The company's 50-day simple moving average is $157.62 and its 200-day simple moving average is $147.10.

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

Leidos Announces Dividend

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

Leidos Company 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.

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