Arizona State Retirement System raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,752 shares of the aerospace company’s stock after purchasing an additional 1,036 shares during the period. Arizona State Retirement System’s holdings in Leidos were worth $3,475,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Oak Thistle LLC bought a new position in shares of Leidos during the 1st quarter valued at $352,000. Strs Ohio grew its stake in Leidos by 3.9% in the 1st quarter. Strs Ohio now owns 22,056 shares of the aerospace company’s stock valued at $2,030,000 after buying an additional 822 shares during the last quarter. James Investment Research Inc. grew its stake in Leidos by 236.5% in the 1st quarter. James Investment Research Inc. now owns 1,992 shares of the aerospace company’s stock valued at $183,000 after buying an additional 1,400 shares during the last quarter. Parallel Advisors LLC grew its stake in Leidos by 45.0% in the 1st quarter. Parallel Advisors LLC now owns 764 shares of the aerospace company’s stock valued at $70,000 after buying an additional 237 shares during the last quarter. Finally, Busey Wealth Management grew its stake in Leidos by 1.8% in the 1st quarter. Busey Wealth Management now owns 56,921 shares of the aerospace company’s stock valued at $5,240,000 after buying an additional 1,015 shares during the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.
Leidos Price Performance
NYSE:LDOS opened at $90.36 on Wednesday. The company has a 50-day moving average of $83.84 and a 200-day moving average of $90.93. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.76 and a beta of 0.80. Leidos Holdings, Inc. has a 52 week low of $76.58 and a 52 week high of $110.91. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.16.
Leidos Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, June 14th. Leidos’s dividend payout ratio is currently 29.63%.
Wall Street Analysts Forecast Growth
LDOS has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of Leidos from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $87.00 to $102.00 in a research note on Thursday, May 25th. Barclays reduced their price target on shares of Leidos from $113.00 to $90.00 in a report on Tuesday, May 9th. Stifel Nicolaus reduced their price target on shares of Leidos from $114.00 to $113.00 in a report on Tuesday, May 16th. TheStreet downgraded shares of Leidos from a “b-” rating to a “c+” rating in a report on Monday, May 15th. Finally, StockNews.com raised shares of Leidos from a “hold” rating to a “buy” rating in a report on Monday, July 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $103.63.
Insider Activity at Leidos
In other news, EVP Jerald S. Howe, Jr. purchased 1,200 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average cost of $80.25 per share, with a total value of $96,300.00. Following the acquisition, the executive vice president now directly owns 16,958 shares of the company’s stock, valued at approximately $1,360,879.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Gary Stephen May sold 2,618 shares of Leidos stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $78.71, for a total transaction of $206,062.78. Following the completion of the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $893,515.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jerald S. Howe, Jr. acquired 1,200 shares of the stock in a transaction on Thursday, May 4th. The stock was bought at an average price of $80.25 per share, with a total value of $96,300.00. Following the transaction, the executive vice president now directly owns 16,958 shares in the company, valued at approximately $1,360,879.50. The disclosure for this purchase can be found here. Insiders bought 7,625 shares of company stock valued at $602,898 in the last ninety days. Insiders own 1.52% 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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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