Canada Pension Plan Investment Board Has $1.20 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Posted by Defense World Staff on Mar 1st, 2023

Canada Pension Plan Investment Board increased its position in Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 281.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,736 shares of the aerospace company’s stock after purchasing an additional 10,136 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Leidos were worth $1,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LDOS. Better Money Decisions LLC bought a new stake in Leidos in the 2nd quarter valued at approximately $25,000. KB Financial Partners LLC acquired a new position in shares of Leidos during the 1st quarter worth approximately $25,000. DB Wealth Management Group LLC increased its position in shares of Leidos by 100.0% during the 3rd quarter. DB Wealth Management Group LLC now owns 310 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Cowa LLC acquired a new position in shares of Leidos during the 3rd quarter worth approximately $31,000. Finally, Clear Street Markets LLC increased its position in shares of Leidos by 61.1% during the 3rd quarter. Clear Street Markets LLC now owns 464 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 176 shares during the last quarter. 75.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Christopher R. Cage sold 1,601 shares of the company’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $106.51, for a total transaction of $170,522.51. Following the completion of the sale, the chief financial officer now directly owns 13,874 shares in the company, valued at approximately $1,477,719.74. The sale was disclosed in a filing with the SEC, which is available through this link. In other Leidos news, CFO Christopher R. Cage sold 1,601 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $106.51, for a total value of $170,522.51. Following the completion of the transaction, the chief financial officer now owns 13,874 shares of the company’s stock, valued at approximately $1,477,719.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David G. Fubini sold 6,189 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $109.20, for a total value of $675,838.80. Following the sale, the director now directly owns 12,463 shares of the company’s stock, valued at approximately $1,360,959.60. The disclosure for this sale can be found here. 1.67% of the stock is owned by corporate insiders.

Leidos Stock Performance

NYSE:LDOS opened at $97.07 on Wednesday. The stock has a fifty day moving average price of $100.09 and a 200-day moving average price of $99.62. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.92. Leidos Holdings, Inc. has a fifty-two week low of $87.24 and a fifty-two week high of $111.12.

Leidos (NYSE:LDOS – Get Rating) last released its earnings results on Tuesday, February 14th. The aerospace company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.62 billion. Leidos had a return on equity of 22.01% and a net margin of 4.76%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 EPS. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 6.64 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.44 annualized dividend and a dividend yield of 1.48%. Leidos’s dividend payout ratio is currently 29.15%.

Analyst Ratings Changes

LDOS has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on Leidos from $112.00 to $105.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 15th. Citigroup decreased their target price on Leidos from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, February 16th. Wells Fargo & Company decreased their target price on Leidos from $114.00 to $103.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 15th. Morgan Stanley decreased their target price on Leidos from $111.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 15th. Finally, StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.43.

About Leidos

(Get Rating)

Leidos Holdings, Inc engages in the provision of services and solutions in the defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment provides services, solutions, and products focusing on digital modernization, mission systems and integration, Command, Control, Computers, Communications, Intelligence, Surveillance and Reconnaissance (“”C4ISR””) technologies and services, maritime solutions, transformative software, analytics, intelligence analysis, mission support and logistics services, weapons systems and space systems and solutions.