Royal Bank of Canada Increases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Royal Bank of Canada boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,021 shares of the aerospace company's stock after acquiring an additional 30,657 shares during the quarter. Royal Bank of Canada owned 0.19% of Leidos worth $37,314,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at $25,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at $27,000. Berbice Capital Management LLC acquired a new stake in shares of Leidos in the fourth quarter valued at $29,000. Mather Group LLC. raised its stake in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Leidos in the fourth quarter valued at $52,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

Shares of LDOS stock opened at $158.32 on Friday. The stock's 50-day moving average is $144.18 and its two-hundred day moving average is $148.19. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 earnings per share. Analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio is currently 16.10%.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now owns 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LDOS shares. Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Royal Bank of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Truist Financial dropped 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. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.69.

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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