21,240 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Strs Ohio

Strs Ohio acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,240 shares of the aerospace company's stock, valued at approximately $2,299,000.

Other institutional investors have also made changes to their positions in the company. United Capital Financial Advisers LLC increased its position in Leidos by 1.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 6,651 shares of the aerospace company's stock worth $718,000 after buying an additional 107 shares during the period. Lido Advisors LLC boosted its stake in Leidos by 0.9% in the first quarter. Lido Advisors LLC now owns 13,762 shares of the aerospace company's stock worth $1,486,000 after purchasing an additional 119 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Leidos by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company's stock valued at $1,001,000 after acquiring an additional 122 shares during the last quarter. Signaturefd LLC boosted its holdings in Leidos by 9.3% in the third quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company's stock valued at $147,000 after acquiring an additional 135 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Leidos by 10.5% in the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company's stock valued at $133,000 after buying an additional 137 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of Leidos stock traded up $1.15 during trading on Friday, reaching $124.91. 940,430 shares of the company's stock were exchanged, compared to its average volume of 666,230. The company has a market cap of $16.88 billion, a P/E ratio of 87.97, a PEG ratio of 1.71 and a beta of 0.70. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34. The firm's 50-day moving average price is $126.78 and its 200 day moving average price is $112.55.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the company posted $1.83 EPS. Leidos's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 7.76 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. Leidos's dividend payout ratio (DPR) is presently 107.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LDOS shares. Wells Fargo & Company raised their price target on Leidos from $137.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Bank of America raised their price target on Leidos from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, March 27th. Robert W. Baird lifted their target price on Leidos from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Royal Bank of Canada boosted their price target on Leidos from $105.00 to $120.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group boosted their price target on Leidos from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.42.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,745 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company's stock, valued at approximately $1,413,210.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Gary Stephen May sold 2,745 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company's stock, valued at approximately $1,413,210.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company's stock, valued at $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.