USS Investment Management Ltd Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

USS Investment Management Ltd purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,059 shares of the aerospace company's stock, valued at approximately $4,041,000.

Other large investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Leidos in the 4th quarter valued at $25,000. Duncker Streett & Co. Inc. bought a new position in shares of Leidos in the 4th quarter valued at $27,000. Berbice Capital Management LLC bought a new position in shares of Leidos in the 4th quarter valued at $29,000. Mather Group LLC. lifted its stake in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Finally, Human Investing LLC bought a new position in shares of Leidos in the 4th quarter valued at $52,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Performance

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

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Leidos's dividend payout ratio is presently 16.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LDOS. Royal Bank of Canada increased their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. UBS Group increased their price objective on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Truist Financial decreased their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $180.69.

Insider Activity

In other 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 value of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

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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