TIAA Trust National Association Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

TIAA Trust National Association acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,494 shares of the aerospace company's stock, valued at approximately $202,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in shares of Leidos by 356.1% during the 4th quarter. Wellington Management Group LLP now owns 44,432 shares of the aerospace company's stock valued at $6,401,000 after acquiring an additional 34,690 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Leidos by 3.1% during the fourth quarter. Wells Fargo & Company MN now owns 404,288 shares of the aerospace company's stock worth $58,242,000 after purchasing an additional 12,315 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Leidos in the 4th quarter worth about $5,561,000. Aviva PLC boosted its holdings in shares of Leidos by 138.7% in the 4th quarter. Aviva PLC now owns 77,272 shares of the aerospace company's stock valued at $11,132,000 after buying an additional 44,896 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Leidos by 49.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 270,052 shares of the aerospace company's stock valued at $38,904,000 after buying an additional 88,929 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of Leidos stock traded up $0.82 on Thursday, hitting $175.31. The company had a trading volume of 1,134,212 shares, compared to its average volume of 837,930. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.42. The company has a market cap of $22.49 billion, a PE ratio of 16.57, a PEG ratio of 1.99 and a beta of 0.65. The business has a 50-day simple moving average of $157.06 and a 200-day simple moving average of $146.99.

Leidos (NYSE:LDOS - Get Free Report) last issued 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. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the company posted $2.63 EPS. The firm's quarterly revenue was up 2.9% on a year-over-year basis. Research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Insider Activity

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business'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 sale, the director owned 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LDOS. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Wells Fargo & Company increased 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. Truist Financial reduced their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $205.00 in a research note on Wednesday. Finally, Citigroup reaffirmed a "buy" rating and issued a $190.00 target price (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 assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and a consensus target price of $178.43.

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.