Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,208,015 shares of the aerospace company's stock after buying an additional 23,153 shares during the period. Northern Trust Corp owned approximately 0.91% of Leidos worth $174,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Leidos in the 4th quarter worth about $25,000. Duncker Streett & Co. Inc. acquired a new stake in Leidos during the fourth quarter worth about $27,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the 4th quarter valued at approximately $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 purchasing an additional 156 shares during the last quarter. Finally, Human Investing LLC purchased a new position in Leidos during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Trading Down 0.6 %

Shares of LDOS traded down $0.92 during mid-day trading on Monday, hitting $147.87. The company had a trading volume of 1,814,671 shares, compared to its average volume of 1,200,512. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The business's 50-day simple moving average is $137.81 and its 200-day simple moving average is $149.71. The stock has a market cap of $18.96 billion, a PE ratio of 16.00, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued 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 1.08%. Leidos's dividend payout ratio is currently 17.32%.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Truist Financial decreased their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, TD Cowen cut Leidos from a "buy" rating to a "hold" rating and dropped their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.23.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now owns 6,408 shares of the company's stock, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos Company 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.