Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Bokf Na

BOKF NA boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 67.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,863 shares of the aerospace company's stock after buying an additional 8,395 shares during the quarter. BOKF NA's holdings in Leidos were worth $3,118,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LDOS. Norges Bank acquired a new position in Leidos in the 4th quarter valued at about $266,419,000. Alliancebernstein L.P. boosted its stake in shares of Leidos by 510.6% in the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares during the period. Invesco Ltd. grew its holdings in shares of Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after buying an additional 405,256 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after buying an additional 377,756 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LDOS shares. Royal Bank of Canada boosted their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, 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 note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.69.

Leidos Stock Performance

NYSE LDOS traded up $1.19 during trading hours on Friday, hitting $155.90. The company had a trading volume of 1,306,414 shares, compared to its average volume of 1,208,922. The business has a 50 day moving average of $140.16 and a 200-day moving average of $149.31. The company has a market cap of $20.07 billion, a PE ratio of 16.87, a price-to-earnings-growth 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 announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $4.11 billion. The business's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 1.03%. Leidos's dividend payout ratio is presently 16.10%.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 completion of the transaction, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,889 shares of company stock valued at $675,786. Insiders own 0.96% of the company's stock.

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.