Thomas Story & Son LLC Invests $6.63 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Thomas Story & Son LLC invested approximately $6.63 million in Leidos Holdings, Inc., acquiring 49,139 shares, which now constitutes about 2.6% of their total holdings.
• Multiple institutional investors have also increased their stakes in Leidos, with hedge funds and other institutions now owning 76.12% of the company's stock.
• Leidos recently announced a quarterly dividend of $0.40 per share, with the payout representing a 0.9% dividend yield and a payout ratio of 15.12%.

Thomas Story & Son LLC acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,139 shares of the aerospace company's stock, valued at approximately $6,631,000. Leidos comprises about 2.6% of Thomas Story & Son LLC's holdings, making the stock its 17th largest holding.

Several other institutional investors also recently modified their holdings of the business. Resona Asset Management Co. Ltd. boosted its holdings in Leidos by 1.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 39,300 shares of the aerospace company's stock worth $5,298,000 after purchasing an additional 717 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. boosted its stake in shares of Leidos by 252.6% in the 1st quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 5,500 shares of the aerospace company's stock worth $742,000 after buying an additional 3,940 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Leidos by 5.4% in the first quarter. Public Sector Pension Investment Board now owns 18,427 shares of the aerospace company's stock worth $2,487,000 after acquiring an additional 947 shares during the period. SouthState Corp purchased a new stake in Leidos during the first quarter valued at $96,000. Finally, Nuveen LLC purchased a new stake in Leidos during the first quarter valued at $45,665,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LDOS has been the subject of a number of recent research reports. Truist Financial cut their price objective 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. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company upped their price target on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Jefferies Financial Group raised Leidos from a "hold" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, UBS Group increased their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

Leidos Trading Up 0.4%

Shares of LDOS opened at $177.23 on Tuesday. The firm has a market cap of $22.74 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. 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 Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a 50 day simple moving average of $158.33 and a two-hundred day simple moving average of $147.21.

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

Leidos Announces Dividend

The company 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. 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 payout ratio is 15.12%.

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.

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