Victory Capital Management Inc. Raises Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Victory Capital Management Inc. grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,923,663 shares of the aerospace company's stock after acquiring an additional 39,174 shares during the period. Leidos accounts for 0.6% of Victory Capital Management Inc.'s holdings, making the stock its 12th largest position. Victory Capital Management Inc. owned about 3.58% of Leidos worth $532,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LDOS. Savant Capital LLC bought a new stake in shares of Leidos during the fourth quarter worth $201,000. Jackson Creek Investment Advisors LLC acquired a new position in Leidos during the fourth quarter worth $534,000. Van ECK Associates Corp lifted its position in Leidos by 53.1% in the 4th quarter. Van ECK Associates Corp now owns 80,876 shares of the aerospace company's stock valued at $8,754,000 after acquiring an additional 28,062 shares in the last quarter. Red Wave Investments LLC purchased a new position in Leidos during the 4th quarter worth $217,000. Finally, Community Bank N.A. bought a new position in shares of Leidos during the 4th quarter worth approximately $133,000. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Leidos from $120.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Leidos from $145.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on Leidos from $137.00 to $147.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Truist Financial reaffirmed a "buy" rating and issued a $165.00 target price (up previously from $150.00) on shares of Leidos in a research note on Wednesday. Finally, Barclays upgraded shares of Leidos from an "equal weight" rating to an "overweight" rating in a report on Friday, January 5th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Leidos has an average rating of "Moderate Buy" and an average target price of $141.17.

Leidos Trading Up 1.4 %

Shares of Leidos stock traded up $1.99 during midday trading on Wednesday, reaching $142.21. 1,950,221 shares of the company's stock traded hands, compared to its average volume of 880,146. The stock has a 50 day moving average of $128.08 and a 200-day moving average of $114.53. Leidos Holdings, Inc. has a 12 month low of $76.58 and a 12 month high of $142.90. 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 company has a market cap of $19.22 billion, a PE ratio of 100.07, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the business earned $1.47 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Leidos Holdings, Inc. will post 7.77 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. Leidos's dividend payout ratio (DPR) is currently 107.04%.

Insiders Place Their Bets

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

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.