Point72 Hong Kong Ltd Acquires New Position in Leidos Holdings, Inc. (NYSE:LDOS)

Point72 Hong Kong Ltd acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,599 shares of the aerospace company's stock, valued at approximately $518,000.

Other large investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos during the fourth quarter valued at $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the fourth quarter valued at $27,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the fourth quarter valued at $29,000. Mather Group LLC. grew its holdings in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC purchased a new stake in shares of Leidos during the fourth quarter valued at $52,000. Institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company's stock.

Leidos Price Performance

LDOS stock traded up $0.74 during mid-day trading on Tuesday, reaching $160.27. The company's stock had a trading volume of 826,773 shares, compared to its average volume of 1,217,119. The stock has a market cap of $20.63 billion, a PE ratio of 17.35, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company's 50 day moving average is $142.74 and its two-hundred day moving average is $148.22.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Leidos's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 EPS. Equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Leidos's dividend payout ratio is currently 16.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Royal Bank of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. UBS Group upped their price target on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $180.69.

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.