ING Groep NV Buys 22,582 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

ING Groep NV boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 131.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,825 shares of the aerospace company's stock after buying an additional 22,582 shares during the quarter. ING Groep NV's holdings in Leidos were worth $4,311,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Markets Americas LLC bought a new position in Leidos during the fourth quarter valued at about $2,254,000. TrinityPoint Wealth LLC bought a new position in Leidos during the fourth quarter valued at about $222,000. Robeco Institutional Asset Management B.V. grew its position in Leidos by 218.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 94,317 shares of the aerospace company's stock valued at $10,209,000 after buying an additional 64,714 shares during the period. Panagora Asset Management Inc. grew its position in Leidos by 2.3% during the fourth quarter. Panagora Asset Management Inc. now owns 12,524 shares of the aerospace company's stock valued at $1,356,000 after buying an additional 282 shares during the period. Finally, Fiera Capital Corp bought a new position in Leidos during the fourth quarter valued at about $200,000. Institutional investors own 76.12% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on LDOS. Wells Fargo & Company increased their price target on shares of Leidos from $137.00 to $147.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Truist Financial reiterated a "buy" rating and set a $165.00 target price (up previously from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Robert W. Baird increased their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Argus increased their target price on shares of Leidos from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Finally, TheStreet upgraded shares of Leidos from a "c" rating to a "b" rating in a research report on Tuesday, February 13th. Two equities research 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 data from MarketBeat, Leidos presently has an average rating of "Moderate Buy" and an average price target of $145.67.

Leidos Price Performance

Shares of Leidos stock traded up $0.77 on Monday, reaching $149.44. The stock had a trading volume of 475,449 shares, compared to its average volume of 899,415. Leidos Holdings, Inc. has a 1 year low of $77.91 and a 1 year high of $149.49. The company has a market cap of $20.21 billion, a P/E ratio of 64.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.66. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $133.16 and its two-hundred day moving average is $119.56.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the firm posted $1.47 earnings per share. Leidos's quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 8.59 EPS for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.02%. Leidos's payout ratio is presently 65.52%.

Insider Buying and Selling at Leidos

In other Leidos 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 sale, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Leidos 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 sale, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David G. Fubini sold 7,874 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now 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 currently owned by company 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.