TD Asset Management Inc Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• TD Asset Management Inc increased its stake in Leidos Holdings, Inc. by 17.5% during Q1, now owning approximately 0.12% of the company worth $21.3 million.
• Recent analyst reports show mixed ratings for Leidos, with target prices ranging from $155 to $200, indicating a general consensus of "Moderate Buy" with a target of $175.15.
• Leidos reported Q1 earnings of $2.97 EPS, exceeding estimates by $0.50, with revenue growth of 6.8% year-over-year. The company also announced a quarterly dividend of $0.40.

TD Asset Management Inc boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 17.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,667 shares of the aerospace company's stock after purchasing an additional 23,511 shares during the quarter. TD Asset Management Inc owned about 0.12% of Leidos worth $21,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new position in Leidos during the first quarter worth about $267,000. Invesco Ltd. increased its holdings in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the period. MidWestOne Financial Group Inc. increased its holdings in shares of Leidos by 47.8% during the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after purchasing an additional 6,418 shares during the period. SG Americas Securities LLC increased its holdings in shares of Leidos by 263.7% during the first quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after purchasing an additional 9,938 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Leidos by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock worth $63,026,000 after purchasing an additional 4,903 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Performance

NYSE:LDOS traded down $0.47 on Wednesday, reaching $161.04. 548,088 shares of the company's stock were exchanged, compared to its average volume of 732,148. The firm has a market cap of $20.73 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.93 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The stock has a fifty day simple moving average of $155.23 and a 200-day simple moving average of $146.36. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90.

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

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Leidos's dividend payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LDOS. UBS Group increased their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Truist Financial decreased their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research 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 for the company. in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada upped their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $175.15.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director directly owned 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

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.